On May 12, 2025, the US and China announced a 90-day agreement to dramatically reduce the tariffs that have been choking bilateral trade since April.
US tariffs on Chinese imports will drop to 30% from 145%. China’s retaliatory duties on American goods fall to 10% from 125%.
The rollback targets critical sectors like electronics and semiconductors. China has also agreed to suspend certain non-tariff measures affecting US defense and aerospace companies.
The 90-day window is meant as a confidence-building measure, creating breathing room for deeper negotiations rather than serving as a final resolution.
For the crypto and blockchain sector, the semiconductor angle matters. Mining hardware, AI chips, and the components powering decentralized infrastructure flow through supply chains touching both countries. A 145% tariff reshapes where and how that hardware gets manufactured and distributed.
This truce expires in mid-August 2025.