US and China Call a Temporary Truce in the Trade War

US and China Agree to 90-Day Tariff Truce Geneva, Switzerland – In a significant development in the ongoing trade war between the United States and China, Treasury Secretary Scott Bessent announced a 90-day pause on most tariffs imposed by both countries. This temporary reprieve follows months of escalating tensions and reciprocal tariff increases that threatened to disrupt global markets. The agreement, reached during high-level talks in Geneva, includes a substantial reduction in tariff levels by both nations. Secretary Bessent stated, "We have reached an agreement on a 90-day pause and substantially moved down the tariff levels." While the details of the agreement are still emerging, the announcement is being hailed as a positive step toward de-escalation. The 90-day period will allow both sides to engage in further negotiations and potentially reach a more comprehensive long-term trade agreement. The success of these negotiations will be crucial in determining the future trajectory of the US-China trade relationship and its impact on the global economy.