US and China De-escalate Trade War with 90-Day Tariff Truce

Geneva Trade Talks: US and China Agree to Tariff Truce In a significant development in ongoing trade tensions, the United States and China have reached a 90-day agreement to pause punitive tariffs. The announcement follows weekend talks in Geneva, Switzerland. Both nations will also substantially reduce proposed tariffs by 115 percentage points. Chinese Vice Premier He Lifeng emphasized the importance of "equal and respectful dialogue" in resolving trade disputes. This commitment to diplomacy suggests a potential shift towards de-escalation. US Treasury Secretary Scott Bessent confirmed the agreement, stating, "We have reached an agreement on a 90-day pause and substantially moved down the tariff levels." This statement underscores the mutual willingness to compromise and find common ground. The agreement marks a positive step towards stabilizing the US-China economic relationship. While challenges remain, the commitment to dialogue offers hope for a more constructive path forward.