Treasury Secretary Scott Bessent told Fox News on Tuesday that the United States has had very good talks with China regarding tariffs as the countries attempt to reach a trade deal during a 90-day pause in tariff implementation.

Notably, the U.S. and China decided to freeze most tariffs imposed since "Liberation Day" — with Washington imposing 145% tariffs on Chinese imports and Beijing imposing 125% tariffs on U.S. tariffs — for 90 days during Geneva talks on May 12. For now, the U.S. imposes 30% tariffs on Chinese imports, and China imposes 10% tariffs on U.S. imports.

The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, a White House official told CNN. Without the agreement, tariffs were set to immediately surge,

This essay is an adaptation from Wang’s forthcoming book, Breakneck: China’s Quest to Engineer the Future, which is available August 26, 2025. In cutting off rare-earth magnets, officials in Beijing flexed but one finger.

By Trevor Hunnicutt, Andrea Shalal and Joe Cash WASHINGTON/BEIJING (Reuters) -The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as U.

WASHINGTON (KGO) -- The tariff war between the world's two largest economies continues to grow. Trade talks with China resuming in Washington Friday morning hours after the U.S. doubled tariffs on ...

China employs many unfair practices, and U.S. trade policy, including tariffs, should be aimed at balancing the scales, writes state Rep. .

For the first time India has overtaken China as the No. 1 exporter of smartphones to the United States, following Apple’s tariff-driven manufacturing pivot to New Delhi.