China, US tariff de-escalation: By the numbers
Cuts in sky-high tariffs kick in on Wednesday, as trade tensions cool down temporarily
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2 MIN READ
Washington and Beijing have agreed to drastically lower sky-high tariffs in a deal that emerged from pivotal talks at the weekend in Geneva.
The de-escalation, though temporary, kicked in on Wednesday, helping calm down nerves following a brutal trade war that roiled global markets and international supply chains.
Following are the key figures to know:
$5 trillion
Estimated losses in US stock market following the US-China tariff war
$600
estimated amount of US-China bilateral trade halted by the trade war, sparking “stagflation” fears
145%
"liberation day" tariff announced by the US on Chinese imports (ramped up to 245% on certain Chinese products)
125%
retaliatory tariffs announced by China on US goods, plus a ban on Boeing, and dozens of other US companies
30%
Level of lowered US tariffs on Chinese goods (as per Geneva deal), down from 145%, and as high as 245% on certain goods
10%
China's lowered tariffs on US goods, a100+% points reduction
(0401 GMT) May 14, 2025
Effectivity (Wednesday) of lowered tariffs, as per Geneva talks (from May 14 to August 12, 2025)
54%
US duties on small parcels from China based on their value, down from 120%
28
Number of US entities delisted by China on its "export control list" as part of the Geneva deal
17
Number of US entities delisted from China's "unreliable entity list" (which bars import/export activities or making new investments in China)
50
Number of aircraft Boeing plans to deliver to China in 2025
90 days
The number of days that the US and China have agreed to temporarily slash sweeping tariffs on each others' goods
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