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The U.S. and China reach 90-day tariff truce

The U.S. and China reach 90-day tariff truce

5/12/2025 · 08:01
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Description of The U.S. and China reach 90-day tariff truce

U.S. tariffs against China have been cut from 145% to 30% as part of a new 90-day trade deal. This is still higher than when President Donald Trump assumed office and could result in higher consumer prices and lower corporate profits. Also: Student loans follow some borrowers into retirement. The number of student borrowers over 62 rose by 59% from 2017 to 2023, and older borrowers are twice as likely to default than their younger peers.

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