Highlights of the U.S.-China Trade Deal -- WSJ

Dow Jones05-12

By Jason Douglas

Here are the highlights of the deal that the U.S. and China announced Monday after talks in Geneva:

-- The U.S. will reduce its 125% "reciprocal" tariff on Chinese goods to 10%.

-- China will likewise reduce its retaliatory levy on U.S. goods to 10% from 125%.

-- The separate U.S. tariff of 20% on Chinese goods related to the fentanyl issue will remain.

-- The reductions will last for 90 days while the two sides continue negotiations.

-- China agrees to suspend or cancel nontariff measures it had adopted in retaliation against the U.S.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 12, 2025 04:04 ET (08:04 GMT)

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