Brussels welcomes agreement between the US and China to reduce tariffs for 90 days

Published May 13, 2025

Tridge summary

The European Commission (EC) has expressed welcome to the agreement between the US and China to temporarily reduce tariffs on each other's exports, with China lowering its tariffs from 125% to 10%, and the US lowering its tariffs from 145% to 30% for the next 90 days. The EC has consistently opposed the imposition of tariffs, viewing it as a negative development for global trade and the economy. The EU is keen to remove trade barriers rather than increase them and is closely analyzing the recently signed US-UK trade agreement for its potential impact on EU interests and the global trading environment.

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Original content

The European Commission (EC) on Monday "welcomed" the agreement reached by the United States and China to reduce the tariffs the Asian giant has imposed on Washington from 125% to 10% for 90 days, and the tariffs the US has imposed on Beijing from 145% to 30%. "We welcome the fact that the United States and China have announced that, to some extent, they will at least reverse the imposition of tariffs for 90 days," said EC Trade spokesperson Olof Gill during the institution's daily press conference. He added that the EU has been very clear and consistent in stating "from the outset" that the imposition of tariffs is "a step backward for global trade and the global economy." "With this in mind, we welcome any step in the other direction, any step that contributes to the proper functioning of global supply chains, anything that supports predictability and stability for global trade and investment, of course, as long as the common rules are respected," he commented. He insisted ...

Source: Agrodiario