China proposes 90-day tariff pause, Ackman urges Trump to lower levies to 10%

From Yahoo Finance: 2025-05-14 10:02:00

Tariffs have surged, causing supply chain disruptions. China proposes a 90-day tariff pause, sparking hope for compromise. Trade tensions peaked with U.S. tariffs at 145% on Chinese imports. China retaliated with 125% tariffs on U.S. goods. Chinese Ministry of Commerce urges U.S. to eliminate tariffs for talks based on mutual respect.

Billionaire Bill Ackman supports a 90-day tariff pause and reducing tariffs to 10% for U.S. businesses to adjust supply chains without immediate financial impact. Exempting key electronics from tariffs triggered China’s response, creating room for negotiations. China’s Xiamen Airlines returned a Boeing 737 Max due to import costs.

Hongkong Post suspends U.S. package delivery citing tariff costs. Chinese exports rose 12.4% in March ahead of harsher U.S. tariffs. Economists warn of slower growth due to escalating trade tensions. China’s first-quarter GDP outlook dims from trade tensions and weak domestic demand.



Read more at Yahoo Finance: Bill Ackman Says ‘The Rift Is Healing’ As China Opens Door To 90-Day Tariff Pause, Urges Trump To Lower Levies To 10%