Tuesday, May 13, 2025

Is the U.S. Looking to Hurt China?

©iStock/Rawf8
Under the new agreement, the US is reducing the "reciprocal" tariff on Chinese goods that it announced on "Liberation day" to 10%. But it said the higher levy rate was being suspended for 90 days, rather than removed permanently.

The US is also keeping in place the extra 20% tariff aimed at putting pressure on Beijing to do more to curb the illegal trade in fentanyl, a powerful opioid drug.

Is the U.S. looking to hurt China?

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