The United States and China have agreed to a 90-day reduction in tariffs, significantly easing trade tensions that have impacted the tech and crypto sectors. Announced on May 12, 2025, the agreement reduces US tariffs on Chinese imports from 145% to 30%, while China's duties on American goods drop from 125% to 10%. This temporary measure aims to facilitate further negotiations. The tariff rollback primarily affects sectors crucial to technology and digital economies, including electronics and semiconductors. This is particularly relevant for the crypto industry, where mining hardware and AI chips are integral. The agreement also includes China's suspension of certain non-tariff measures affecting US companies in defense and aerospace. The 90-day period, ending in mid-August 2025, is intended to build confidence for more comprehensive trade discussions.
US and China Agree to 90-Day Tariff Reduction, Easing Tech and Crypto Strain
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