US - China trade deal: tariffs temporarily lowered from three digits but still remain high
France 24 - International breaking news, top stories and headlinesMonday, May 12, 2025 at 9:26:32 PM
The US and China have agreed to a 90-day truce in their trade war, temporarily lowering or canceling high tariffs imposed since April, though significant issues remain unresolved. Meanwhile, President Trump signed an executive order to reduce US drug prices to match those in other countries.
What This Means: While the temporary tariff reduction eases immediate economic tensions, long-term trade disputes between the US and China remain unresolved. The move signals a pause rather than a resolution, with negotiations continuing. The separate executive order on drug prices reflects domestic policy shifts amid ongoing trade discussions.
— Curated via WP Now’s AI editorial system
