U S and China Slash Tariffs in 90-Day Truce What It Means for Global Trade

Team Chemical Market

30 Aug 2025
The U.S. and China have agreed to a 90-day truce in their prolonged trade war. This truce was announced on May 12, 2025, in Geneva and took effect on May 14, 2025. Both nations reduced tariffs on U.S. goods, providing relief to businesses and financial markets. This policy shift brought opportunities and challenges for countries like India and industries such as chemicals, especially those dependent on global trade. We explore different perspectives related to this event—let’s take a closer look;

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