US, China Strike 90-Day Deal to Slash Tariffs
Both Sides Agree to Cut Tariffs by 115 Percentage Points
The United States and China have announced a significant de-escalation in their trade dispute, agreeing to sharply reduce reciprocal tariffs for a 90-day period. The agreement was confirmed in a joint statement following two days of trade negotiations in Geneva.
"We have reached an agreement on a 90-day pause," said U.S. Treasury Secretary Scott Bessent, noting that "both sides will reduce their tariffs by 115 percentage points."
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