China Environment News

After China-U.S. talks in Geneva, Switzerland, over the weekend, the world woke up to a 90-day pause in tariffs. Both the sides agreed to roll back most of the newer tariffs, meaning:

* U.S. tariffs on Chinese goods  from 145% to 30%
* Chinese tariffs on U.S. goods  from 125% to 10%

China has said that they will also suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.

The two sides also agreed to establish a mechanism to continue discussions about economic and trade relations.

The new change will start to reflect from Wednesday, May 14.

To this news, the stock markets rallied upwards across the globe.

On Friday morning, before the trade truce, officials told CNN that in the previous 12 hours, not a single cargo vessel had departed from China bound for major West Coast ports.

Source: The China Report – CGTN, May 12, 2025.

Read the complete joint statement here. https://news.cgtn.com/news/2025-05-12/news-1DjuGybtgB2/p.html

Read the key takeaways from the first round of talks since the U.S. imposed heavy tariffs on Chinese goods. https://news.cgtn.com/news/2025-05-12/Key-takeaways-from-China-U-S-high-level-economic-and-trade-meeting-1Dj8XtvjiOA/p.html