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US and China Reach 90-Day Tariff Rollback Agreement After High-Level Talks in Geneva

by May 12, 2025
May 12, 2025

 

Treasury Secretary Scott Bessent calls out China following its latest tariff increase on US goods.

In a major win for President Donald Trump’s America First trade doctrine, the United States and Communist China have agreed to a 90-day rollback of the tit-for-tat tariffs that defined the latest chapter of Washington’s hardline economic battle with Beijing. Global markets rose sharply on Monday morning as a result.

The agreement, forged over two days of high-stakes negotiations in Geneva, Switzerland, is being hailed as a strategic pause—not a surrender—and a testament to Trump’s uncompromising stand against unfair trade imbalances.

Under the deal, the US will slash its previously imposed 145% tariffs on Chinese imports down to 30%, while China will match that with a reduction of its retaliatory 125% duties to just 10%, The Financial Times reports. This move, though temporarily softening the blow of Trump’s full-spectrum trade offensive, keeps pressure squarely on the Chinese Communist Party to fundamentally shift its abusive trade behavior.

The US wisely opted to keep in place a separate 20% tariff specifically targeting Chinese pharmaceutical ingredients used to make the deadly opioid, fentanyl. It’s a clear signal: America is no longer playing nice with enablers of our nation’s drug epidemic.

The agreement was codified in a joint statement that dripped with diplomatic niceties, declaring both nations would move forward “in the spirit of mutual opening, continued communication, cooperation, and mutual respect.”

“We came to agreement quickly,” said US Trade Representative Jamieson Greer, “which reflects that perhaps the differences were not so large as maybe thought.” Treasury Secretary Scott Bessent, who helped broker the deal, echoed that sentiment: “The talks were productive. This is a path to restoring fairness in our trade relationship.”

In a telling move, China has also agreed to ease its non-tariff trade barriers—unofficial and often opaque mechanisms that the CCP uses to manipulate trade in its favor. These include export controls and bureaucratic red tape that have long disadvantaged American producers. Chinese Vice Premier He Lifeng will lead their negotiation team going forward, signaling that Beijing knows this is now a top-level geopolitical issue.

On Truth Social, President Trump declared the Geneva negotiations “very good,” signaling what he called a “total reset” in US-China trade relations.

Conservatives and nationalists should take note: this is exactly what tough, unapologetic leadership looks like. Unlike the sellout trade deals of previous globalist administrations, this agreement was not about preserving some vague idea of global stability—it was about defending American workers, American sovereignty, and American industry.

Despite the temporary tariff reduction, it must be noted that the deal is not permanent. It gives China 90 days to show good faith before the Trump administration decides whether to bring the full weight of economic pressure back onto the regime. This isn’t appeasement—it’s tactical patience backed by the credible threat of escalation.

The post US and China Reach 90-Day Tariff Rollback Agreement After High-Level Talks in Geneva appeared first on The Gateway Pundit.

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