Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news U.S. Trade Representative Greer Announces Plans for the U.S. and China to Reduce Majority of Tariffs
  • Local news

U.S. Trade Representative Greer Announces Plans for the U.S. and China to Reduce Majority of Tariffs

    US Trade Representative Greer says US and China to roll back most tariffs
    Up next
    Woman reaching for bread on shelves in a bakery.
    Urgent Recall: Bread Sold at Multiple Stores and Burger Chain Contains ‘Life-Threatening’ Ingredient
    Published on 12 May 2025
    Author
    Internewscast
    Tags
    • and,
    • back,
    • Business,
    • China,
    • Greer,
    • Most,
    • Representative,
    • Roll,
    • says,
    • Scott Bessent,
    • tariffs,
    • Trade,
    • Washington news,
    • world news
    Share this @internewscast.com
    FacebookXRedditPinterest

    Copyright 2025 The Associated Press. All rights reserved.

    Vice minister of Finance Liao Min, left, gestures toward a journalist during a news conference at the Chinese mission to the World Trade Organization in Geneva, Switzerland, on Sunday, May 11, 2025, accompanied by Vice Premier He Lifeng and Li Chenggang, vice minister of commerce. (AP Photo/Jamey Keaten)

    GENEVA – On Monday, U.S. and Chinese officials announced they had agreed to reduce most of their recent tariffs and implement a 90-day pause to continue discussions aimed at resolving their trade conflicts.

    Stock markets rose sharply as the globe’s two major economic powers took a step back from a clash that has unsettled the global economy.

    U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.

    Greer and Treasury Secretary Scott Bessent announced the tariff reductions at a news conference in Geneva.

    They said the two sides had set up consultations to continue discussing their trade issues.

    Trump last month raised U.S. tariffs on China to a combined 145% and China retaliated by hitting American imports with a 125% levy. Tariffs that high essentially amount to the two countries boycotting each other’s products, disrupting trade that last year topped $660 billion.

    The announcement by the U.S. and China sent shares surging, with U.S. futures jumping more than 2%. Hong Kong’s Hang Seng index surged nearly 3% and benchmarks in Germany and France were both up 0.7%

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like
    Father brings son to turn himself in after fatal shooting in Leesburg, police say
    • Local news

    Father Helps Son Surrender to Police After Leesburg Fatal Shooting

    LEESBURG, Fla. – A man from Mount Dora turned himself in on…
    • Internewscast
    • June 28, 2025
    Residents express amazement after seeing mystery object streak across the sky
    • Local news

    Locals Astonished by Mysterious Object Lighting Up the Night Sky

    ATLANTA – More than 200 individuals in several southern U.S. states have…
    • Internewscast
    • June 27, 2025
    US soldier's son, born on Army base in Germany, is deported to Jamaica
    • Local news

    Child of American Soldier, Born on German Army Base, Deported to Jamaica

    (KTLA) A man born to an active-duty member of the United States…
    • Internewscast
    • June 28, 2025
    'I was screaming': Largo woman survives tornado as her home is lifted into the air
    • Local news

    ‘Largo Woman’s Harrowing Tale of Surviving a Tornado That Lifted Her Home Into the Air’

    LARGO, Fla. (WFLA) — Debby Mettler was in her Largo home on…
    • Internewscast
    • June 27, 2025
    Trump meets with leaders of Rwanda and Congo after peace deal
    • Local news

    Trump Holds Talks with Rwandan and Congolese Leaders Following Peace Agreement

    () President Donald Trump is meeting with the leaders of Congo and…
    • Internewscast
    • June 27, 2025
    Man with Taser, tape and rope accused of stalking, trying to kidnap Memphis mayor
    • Local news

    Israeli Airstrikes Claim at Least 62 Lives in Gaza Amid Hopes for a Ceasefire

    Overnight and into Saturday, Israeli strikes resulted in the deaths of at…
    • Internewscast
    • June 28, 2025
    Thousands mourn top Iranian military commanders and scientists killed in Israeli strikes
    • Local news

    Mass Mourning in Iran for Key Military Leaders and Scientists Lost in Israeli Attacks

    DUBAI – In downtown Tehran on Saturday, thousands gathered to mourn the…
    • Internewscast
    • June 28, 2025
    Trump's tariffs to further slash West Coast port traffic
    • Local news

    US-China Trade Agreement Eases Concerns at Los Angeles Port

    LOS ANGELES () The U.S. and China have signed an agreement on…
    • Internewscast
    • June 27, 2025
    GOP leader sets Saturday vote on Trump 'big, beautiful bill' despite Republican pushback
    • Local news

    GOP Leader Schedules Saturday Vote on Trump’s ‘Big, Beautiful Bill’ Despite Republican Opposition

    Senate Majority Leader John Thune (R-S.D.) told Senate Republicans to expect to…
    • Internewscast
    • June 27, 2025
    New group aims to protect, celebrate Nolichucky River
    • Local news

    New organization dedicated to preserving and honoring the Nolichucky River

    The newly-formed Nolichucky Watershed Alliance in UNICOI COUNTY, Tenn. (WJHL) is taking…
    • Internewscast
    • June 27, 2025
    Monticello native caps off non-profit journey by honoring late mother with hair donation
    • Local news

    Monticello Local Concludes Charity Mission by Donating Hair in Tribute to Late Mother

    CHAMPAIGN, Ill. (WCIA) — Everything changed for Monticello resident Sarah Jane German…
    • Internewscast
    • June 28, 2025
    Tennessee congressmember wants Mamdani 'denaturalized'
    • Local news

    Tennessee Congressman Seeks to Revoke Mamdani’s Citizenship

    ALBANY, N.Y. (NEXSTAR) U.S. Congressmember Andy Ogles, a Republican from Tennessee, wants…
    • Internewscast
    • June 28, 2025
    Jennifer Kesse case no longer cold after nearly 20 years, family says
    • US

    Jennifer Kesse Case Reopens After Almost 20 Years, Says Family

    The family of Jennifer Kesse, who went missing almost two decades ago,…
    • Internewscast
    • June 28, 2025
    Man with Taser, tape and rope accused of stalking, trying to kidnap Memphis mayor
    • Local news

    Israeli Airstrikes Claim at Least 62 Lives in Gaza Amid Hopes for a Ceasefire

    Overnight and into Saturday, Israeli strikes resulted in the deaths of at…
    • Internewscast
    • June 28, 2025
    Mikaela Testa reveals she's moving to the US with fiancé
    • Entertainment

    Mikaela Testa Announces Upcoming Move to the US with Her Fiancé

    Mikaela Testa has revealed that she’s moving to the US with her…
    • Internewscast
    • June 28, 2025
    Chicago City Council members skeptical of proposal to legalize 'granny flats,' or Accessory Dwelling Units
    • US

    Chicago City Council Raises Doubts About Legalizing ‘Granny Flats’ or Accessory Dwelling Units

    CHICAGO (WLS) — Chicago lawmakers are divided on legalizing the construction of…
    • Internewscast
    • June 28, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.