Tankers

US and China lower mutual tariffs, calling 90-day truce in their trade war

Shipping stocks sparked to life as trading giants vow to continue ‘respectful’ talks

Treasury secretary Scott Bessent (right) and US trade representative Jamieson Greer arrive for a news conference in Geneva on 12 May following trade talks with China.
Treasury secretary Scott Bessent (right) and US trade representative Jamieson Greer arrive for a news conference in Geneva on 12 May following trade talks with China.Photo: Scanpix
Published 12 May 2025, 08:38Updated 12 May 2025, 11:07
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