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ARTICLE · 14 MAY 2025

U.S., China To Jointly Deescalate Tariffs Starting May 14

After meeting in Geneva, Switzerland, over the weekend, the U.S. and Chinese governments reached an agreement to begin deescalating tariffs, starting May 14.

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After meeting in Geneva, Switzerland, over the weekend, the U.S. and Chinese governments reached an agreement to begin deescalating tariffs, starting May 14. Here is a link to the fact sheet: https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/?utm_source=wh_social_share_button

CHINESE ACTIONS: China will remove the retaliatory tariffs it announced since April 4, 2025, and will also suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.

  • China will also suspend its initial 34% tariff on the United States it announced on April 4, 2025, for 90 days, but will retain a 10% tariff during the period of the pause.

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