Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

The U.S. and China agreed to a 90-day pause in their trade conflict. Here's what China's tariffs on the U.S. looked like in 2024.

The United States and China said Monday they agreed to a 90-day pause on most retaliatory tariffs imposed on each other since early April, when President Trump announced his sweeping global tariff

President Donald Trump's trade war truce with China still leaves a hefty 30% tariff in place, at least for the time being, but the deal improves the outlook for the economy.

The agreement is pressuring manufacturing hubs such as Vietnam and Mexico to make their own, better deals with the United States.

The U.S. agreed to cut tariffs on Chinese goods from 145% to 30%, while China committed to reduce tariffs on U.S. products from 125% to 10%. The lowered tariffs will remain in place for 90 days while the two sides negotiate a wider trade deal.

A White House executive order announced on Monday that the US will cut the "de minimis" tariff on China shipments to 54% from 120%, with a $100 flat fee starting May 14. This comes as the US and China agree to pause most tariffs for 90 days,

The new deal between the United States and China means Americans can expect smaller price hikes in coming weeks and fewer shortages.