US, China agree to slash tariffs by 115% for 90 days after talks in Geneva
6 months ago
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#China
#US
#United States
The United States says it's reached a deal with China to temporarily slash reciprocal tariffs.
It marks a significant de-escalation in the trade war that blew up last month, when US President Donald Trump imposed sweeping levies.
Speaking after the high-stakes talks in Geneva, US Treasury Secretary Scott Bessent announced both Washington and Beijing had agreed to cut tariffs on each other's goods.
Al Jazeera's Willem Marx in Geneva, Switzerland and Katrina Yu is in Beijing, China for the latest updates.
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