The US Finance Minister Scott Bessent says at a press conference on Monday morning that they have reached an agreement. “Both parties will lower the tariff rates by 115 percent,” he says, according to Reuters. Thus, the United States lowers customs on Chinese goods from 145 percent to 30 percent, while China lowers its tariffs on US goods from 125 to 10 percent. Shortly afterwards, the stock exchanges in Hong Kong go up three percent, AFP reports. The US Finance Minister Scott Bessent says at a press conference on Monday morning that they have reached an agreement. Photo: Valentin Flauraud / AFP / NTB Published 12.05.2025, at. 09.14 Updated 12.05.2025, at. 09.21
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