- The deal means “reciprocal” tariffs between both countries will be cut from 125% to 10%. The U.S.′ 20% duties on Chinese imports relating to fentanyl will remain in place, meaning total tariffs on China stand at 30%.https://www.cnbc.com/2025/05/12/us-and-china-agree-to-slash-tariffs-for-90-days.html