US and China agree to lower tariff levels and 90-day pause

13th May 2025

U.S. and China reach agreement to slash tariffs.

The two sides also agreed on a 90-day pause.

Global markets and dollar edge higher.

Geneva trade talks hailed as 'substantial progress'.

The 10% baseline tariff still exists everywhere, the 90 day pause is there and the clock is starting to tick.

China's yuan strengthened to a six-month high on Monday after the U.S. and China reached a deal to slash reciprocal tariffs.

US stock index futures jump after US-China joint statement.