Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.

The prospects for a major breakthrough still appear slight, but even a small drop in tariffs — particularly if taken simultaneously — could help restore some confidence.

The U.S. and China agreed to a 90-day pause in their trade conflict. Here's what China's tariffs on the U.S. looked like in 2024.

After weeks of reciprocal tariffs by the US and China on each other's exports, a high-level meeting held in Geneva appears to have resulted in the reset button being firmly pressed. For an initial period of 90 days,

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

Stock markets rose sharply as the globe’s two major economic powers took a step back from a clash that has unsettled the global economy. Economists warned that tariffs still remained higher than

The Geneva meetings marked the first face-to-face sessions since President Donald Trump imposed tariffs of 145% on Chinese goods earlier this year, prompting Beijing’s 125% countermeasures and strict rare earths export controls.

When asked to comment on reports that after the China-US high-level economic and trade meeting in Geneva, China will reduce the tariffs on US goods from 125% to 10% within the initial 90 days, while the US will reduce the tariffs on Chinese goods to 30%,