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President Donald Trump speaks in a press conference in the Roosevelt room of the White House in Washington on May 12, 2025.
Andrew Harnik | Getty Images News | Getty pictures
President Donald Trump Monday said Chinese “Agreed to disclose”, after announcing them to temporarily hit the majority of two countries tariffs in each other’s possessions.
Trump offered a few detail about this development, but it said that “perhaps the most important thing” to get out of high levels Trade talks Between two super power in Geneva on the weekend.
Trump stated that the liabilities were still not cemented.
“We should get Paperat” said White house Before signing an executive order on US drug prices. “But they agreed to open the porcelain.”
Trump’s speech, US and Chinese officials came a few hours and said that in 90 days he has hit a deal to eliminate the most tariffs and other trade barriers.
The United States has agreed to reduce tariffs to 30% below 145%. Beijing said that this will reduce the tariffs for US goods to 10% to 10%.
Trump, after the end of the 90-day break, the 90-day break after the expiration of the 90-day break, the tariffs in China will not return to 145%, he said.
“But they will rise significantly,” he said.
The US side of the temporary agreement reduces Trump’s “mutual” tariffs to 10% in China. The United States also protects the 20% tariffs for allegations in bringing China to Fentanyl into Fentanyl.
The United States said that in addition to steel and aluminum in early April, he said he will keep the tariffs in place for special Chinese products.
According to the White House, China, according to the United States, will stop “non-tariff measures that are not expected to the United States.”
The tasks hit the porcelain in the press effectively established the trade embargo with one of the largest suppliers of America.
The contract to stop the tariffs temporarily was set to start Wednesday.
The Chinese embassy in the United States did not respond to CNBC’s description of Trump.