Joint Statement on U.S.-China Economic and Trade Meeting in Geneva was issued on May 12 2025. Following negotiations in Geneva, the U.S. and China agreed to a 90-day reduction in tariffs: U.S. tariffs on Chinese imports lowered to 30%, and China's tariffs on U.S. goods reduced to 10%. A mechanism for ongoing dialogue was also established.

Refer to "Joint Statement on U.S.-China Economic and Trade Meeting in Geneva" 

Here's a comprehensive timeline of the key tariff developments between the United States and China from 2018 through May 2025:

2018–2020: Trade War Escalation and Phase One Deal

• July 6, 2018: The U.S. imposed 25% tariffs on $34 billion of Chinese goods, initiating the trade war. China responded with equivalent tariffs. 
• September 24, 2018: The U.S. levied 10% tariffs on $200 billion of Chinese imports, increasing to 25% by year-end. China retaliated with tariffs on $60 billion of U.S. goods. 
• January 2020: The "Phase One" trade agreement was signed. The U.S. reduced some tariffs, and China committed to increasing purchases of U.S. goods.

2021–2024: Tensions Persist and Tariffs Intensify

• May 14, 2024: The Biden administration doubled tariffs on Chinese solar cells and tripled tariffs on lithium-ion batteries, citing national security concerns. 
• September 27, 2024: Tariffs were finalized: 100% on electric vehicles, 50% on solar cells, and 25% on critical minerals, steel, and aluminum. 

2025: Rapid Escalation and Temporary De-escalation

• January 20, 2025: Donald Trump was re-inaugurated as U.S. President.
• February–April 2025: The U.S. incrementally increased tariffs on Chinese goods, reaching 145% by April 9. China retaliated with tariffs up to 125% on U.S. goods. 
• April 11, 2025: China suspended exports of critical minerals essential for various industries, intensifying the trade conflict. 
• May 11, 2025: Following negotiations in Geneva, the U.S. and China agreed to a 90-day reduction in tariffs: U.S. tariffs on Chinese imports lowered to 30%, and China's tariffs on U.S. goods reduced to 10%. A mechanism for ongoing dialogue was also established. The Parties commit to take the actions by May 14, 2025

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