Tariff Truce: U.S. and China agree to reduce tariffs for 90 days

China will reduce its tariffs from 125% to 10%. In return, the U.S. will lower tariffs on most Chinese goods from 145% to 30%.

Both the U.S. and China have announced a temporary pause in tariffs for the next 90 days, and the deal is moving markets.

The announcement comes after a weekend of meetings in Switzerland, the Treasury Secretary, and the U.S. Trade Representative. China will reduce its tariffs from 125 percent to 10 percent. In return, the U.S. will lower tariffs on most Chinese goods from 145 percent to 30 percent.

The DOW, S&P, and NASDAQ futures are all up significantly this morning.

Related Stories
Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor that trade is unpredictable, and that President Trump is committed to making America’s producers part of that conversation.
Here are the top agriculture news headlines from RFD-TV News today (Thursday, Feb. 27, 2025) and the top trending stories on RFD-TV News.