Mega-tariffs rolled back for 90 days following U.S.-China trade talks

Workers load coal on trucks at a coal yard port on the Yangtze River in southwest China's Chongqing Municipality on Sunday, April 20, 2025. A tit-for-tat trade war that led to 145% tariffs on many Chinese import goods and a 125% rate on U.S. exports to the Asian powerhouse is on hold for the moment following high-level talks in Switzerland over the weekend. In an agreement announced Monday, both countries will roll back reciprocal tariffs to a 10% rate for a 90-day period beginning Wednesday. Other, sector-specific U.S. trade levies...