US-China Trade Talks: 90-Day Tariff Truce and Plans for Further Negotiations

US and China Agree to Tariff Truce, Further Talks Planned The United States and China have agreed to a 90-day pause on most tariffs following a meeting between US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer, and Chinese officials in Switzerland. The positive development comes amid ongoing trade tensions between the two economic giants. Secretary Bessent stated, "We loosely christened it the Geneva mechanism." He expects further meetings in the coming weeks to continue negotiations. The agreement marks a significant step towards de-escalation and offers a glimmer of hope for a more comprehensive trade deal. The talks covered a wide range of issues, including workarounds to prevent China from shipping goods to the US through third countries. The "Geneva mechanism" is expected to provide a structured approach to future discussions. While the details of the agreement remain undisclosed, the positive tone suggests a willingness from both sides to find common ground and resolve the trade dispute.