China, US agree to de-escalate trade tensions

Quick Summary:

CHINA and the United States announced a series of tariff adjustment measures on Monday aimed at easing trade tensions between the world's two largest economies, according to a joint statement issued by both governments in Geneva, Switzerland.

The US agreed to remove 91 percentage points in the additional tariffs it had imposed on China, while China correspondingly would remove 91 percentage points in its additional tariffs on the US.

China hopes that the US will continue to work with China, move in the same direction, fully rectify its erroneous practice of imposing unilateral tariffs, and further strengthen mutually beneficial cooperation, according to the spokesperson.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaSouth KoreaSwitzerlandUnited States

Topics: Tariff Wars Tariff /Business/Business News Global Trade Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 14:24:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 804 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28664128

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