What's in China-US trade deal? Tariff cuts and key details
BEIJING, May 12 (Reuters) - China and the United States announced a truce in their trade war on Monday after talks in Geneva that will roll back the bulk of tariffs and other countermeasures by Wednesday.
The United States is dropping the extra tariffs it imposed on China this year to 30% from 145%, while China is cutting them to 10% from 125%.
Tariffs imposed before April 2, including those dating back to U.S. President Donald Trump's first term, and other restrictions, such as the U.S. measures to end low-value package tariff exemptions, known as the "de minimis" rule, appear to remain.
