CBS Evening News, 05/12/25

The U.S. and China have agreed to roll back hefty tariffs, with the U.S. cutting the 145% tariff on Chinese imports to 30% and China reducing tariffs on U.S. goods from 125% to 10%. The 90-day truce offers hope for consumers and businesses. Hamas released Edan Alexander on Monday, who is believed to be the last living U.S. citizen held hostage in Gaza. Pope Leo XIV called for the release of imprisoned journalists, saying free speech is a "precious gift.”