6J>8@GWGY/,0_214L@U3<1+'!BT
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6J>8@GWGY/,0_214L@U3<1+'!BT
SYSTEM PROCESSING...
Posted: 2025-05-13 09:40:31 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-05-13 09:40:55 UTC
Verified By
Rollup News
The US and China have reached a 90-day agreement to end their trade standoff, with China making three major concessions: reducing tariffs, removing non-tariff barriers, and addressing the fentanyl crisis. This agreement establishes a mechanism for ongoing negotiations to rebalance trade and address the trade deficit, with the US aiming to rebuild key manufacturing sectors while avoiding a decoupling of the two economies.
China's agreement to reduce tariffs by 115%, matching the US offer.
Removal of all non-tariff barriers by China, effectively ending the trade embargo on US goods.
China's commitment to address the fentanyl crisis, signaling a shift in the US-China relationship.
Establishment of a mechanism for ongoing negotiations to rebalance trade and address the $1.2 trillion deficit.
Rebalancing trade and addressing the $1.2 trillion deficit in goods.
Ensuring China follows through with its commitments during the 90-day negotiation period.
Restoring critical manufacturing in the US in medicine, semiconductors, and steel.
Finding a new equilibrium between China's overproduction in manufacturing and the US's loss of precision manufacturing.