Nima Yamini

On May 12, 2025, the U.S. and China agreed to a 90-day truce in their trade war, reducing tariffs on each other's goods. The U.S. lowered tariffs on Chinese imports from 145% to 30%, while China reduced tariffs on U.S. goods from 125% to 10% .

This temporary agreement has positively impacted global markets, with sectors like apparel, retail, and travel experiencing notable gains. Companies such as Nike, Amazon, and Delta Airlines saw stock increases due to improved trade prospects .

However, the deal is not a comprehensive resolution. It does not address deeper issues like intellectual property rights and technology transfers. Moreover, the remaining tariffs still pose challenges for businesses and consumers. The agreement is set to expire on August 10, 2025, and further negotiations are planned to seek a more permanent solution .

In India, exporters express concerns that the U.S.-China tariff reductions could diminish their competitive edge in key markets, as American and Chinese goods become more price-competitive .

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a year ago