United States and Chinese officials have agreed to roll back most of their recent tariffs and call a 90-day truce in their trade war. The deal, announced in Geneva, involves reducing tariffs on each other's goods by 115 percentage points. The U.S. will lower its tariff rate on Chinese goods from 145% to 30%, while China will lower its rate on U.S. goods from 125% to 10%. The two sides aim to continue discussing their trade issues and achieve a more balanced trade. This event took place on 05/12/2025 at the following location: Geneva, Switzerland.
Incident Type: Political Conflict
Event Type: Legal/Diplomatic
Total Fatalities: 0
Total Wounded: 0
Police/Military Fatalities: 0
Police/Military Wounded: 0
Civilian Fatalities: 0
Civilian Wounded: 0
Terrorist/Insurgent Fatalities: 0
Terrorist/Insurgent Wounded: 0
Number Arrested: 0
Source: AP
