US and China Try ‘Soft’ Approach to Tariff Row, Talking Via Intermediaries

Apr 13, 2025 | EARNINGS

MOSCOW (Sputnik)On April 2, Trump signed an executive order introducing “reciprocal” tariffs on imports from other countries. The baseline rate was set at 10%, while dozens of countries were hit with higher rates. The duties on most countries were reversed to 10% days later to allow for trade negotiations, while those on China were hiked to 145%.

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