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China hails 'substantial progress' in trade talks with US
The Freeman
|May 13, 2025
China hailed on Monday "substantial progress" with the United States after talks in Geneva on dialing down their trade war yielded dramatic cuts to import tariffs.
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US President Donald Trump had imposed duties of 145 percent on imports from China last month as part of a global tariff blitz, while Beijing hit Washington with retaliatory duties of 125 percent.
As well as the blanket levies, China has also been hit with sector-specific tariffs on steel, aluminium and car imports.
Trump has frozen until July "reciprocal" tariffs on a slew of other countries but kept them in place for China.
यह कहानी The Freeman के May 13, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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