WASHINGTON (May 13): The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a “total reset” as he said talks with counterpart Xi Jinping could soon follow. After the first meetings between Washington and Beijing since Trump ratcheted up his trade war,Read More

The agreement came after a formal meeting between top trade officials from both countries, US Treasury Secretary Bessent and Chinese Vice-Premier He Lifeng in Geneva

U.S. and China agree to lower tariffs for 90 days after Geneva talks, aiming to ease trade tensions and resume negotiations

U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%

United States (US) President Donald Trump said on Monday that he may speak with Chinese President Xi Jinping later this week, as negotiations between the two economic powers show signs of progress toward a potential trade agreement.

President Trump said US-China ties are "back on track" after both sides agreed to pause tariffs for 90 days. He called the Geneva talks "very friendly" and hinted at a call with Xi Jinping soon, marking a "total reset" in the strained relationship.

The United States and China have agreed to cut tariffs by 115% over the next 90 days in what could spell the end of Donald Trump's global trade war.

Trump also stated that he will speak to Chinese President Xi Jinping at the end of the week, describing the relationship between US and China as

Following trade talks in Geneva, in which the United States and China agreed to withdraw reciprocal tariffs for an initial 90-day period, US President Donald Trump described the outcome as a "total reset" in relations with China.