Why US And China Have Agreed To Slash Tariffs Now, What’s Next?

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Why US And China Have Agreed To Slash Tariffs Now, What’s Next? | Explained Curated By : News18.com Edited By: Shilpy Bisht Last Updated: May 14, 2025, 10:40 IST Economists say the tariff pause shows China dug its heels in & compelled US to revise its approach. US would impose 30% tariff on China while China would levy 10% tax on US goods One of the reasons for Trump to take a U-turn on tariffs is that the US economy began shrinking under the price pressure of tariffs as imports started getting costlier. (Photo: Reuters File) The United States and...