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Magnolia Tribune
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Jamey Keaten, Associated Press
, David McHugh, Associated Press
, Elaine Kurtenbach, Associated Press
, Ken Moritsugu, Associated Press
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May 12, 2025
US and China take a step back from sky-high tariffs, agree to pause for 90 days
The U.S. has agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China has agreed to lower its rate on U.S. goods by the same amount to 10%.
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