BS EDIT: What the US–China Trade Truce Means

By Business StandardPublished On May 13, 2025

Temporary Ceasefire

US and China pause their tariff war for 90 days to negotiate a broader deal

Tariffs Rolled Back

US tariffs on Chinese goods drop from 145% to 30%; China’s from 125% to 10%

China Feels the Strain

Falling exports and downgraded growth forced Beijing back to the table

US Faces Blowback

Empty ports and rising alarm showed the tariffs were hurting American trade

A Strategic Retreat

Trump’s move reveals limits of tariff pressure and lack of clear goals

Why India Should Wait

India’s deal with the US may depend on how talks with China unfold — patience and diversification are key