The US and Chinese governments have announced a 90-day de-escalation of the tariffs introduced by both sides in April.
Starting May 14th, the US will reduce its reciprocal tariffs on China from 125% to 10%, which – together with the 10% tariff increases introduced in February and again in March targeting fentanyl flows from China – bring the new baseline to a 30% minimum tariff on all Chinese exports to the US. Goods that were subject to tariffs already in place before President Trump took...
https://container-news.com/china-us-de-escalation-freightos-analysis/