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US and China pause tariffs for 90 days as Trump claims “historic trade win”

Posted on May 12, 2025

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Reuters today announced that “it was not focused on what would happen to the low price ‘de Munimis’ e -commerce packages sent from China to the United States. “ Is written. The United States has imposed 120 % of the taxes on these packages.

Treasury Secretary Scott Basant said today that both governments want to avoid disconnecting their economies, but the United States still plans to impose taxes on specific items that the White House wants to prepare in the United States. Basant Said That “no party usually wants to decline.

According to this writing, the S&P 500 index today increased by about 2. 2.6 %, while the Tech -based Nice Deck Composite Index increased by about 3.5 3.5 %. No index has recovered in its record after months of turmoil due to Trump’s prices.

Reuters referred to Xi Zhang, chief economist of the Panchapoint Asset Administration in Hong Kong, said the 90 -day contract was better than expected. Zhang said, “I thought the prices would be cut about 50 percent.” “Obviously, it is very positive for both countries and the global economy economies and makes investors very little concerned about the loss of global supply chain in the short term.”

In April, Trump Raise raised on China Stopping tariffs for 90 days in other countries. Trump Attacked the trade agreement Talks with the UK last week, and with other countries.

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