Treasury Secretary Scott Bessent said the US and China had agreed a 90-day pause and to "substantially" reduce tariff levels following talks in Geneva.

U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop the 145% tax Trump imposed last month to 30%. China agreed to lower its tariff rate on U.S. goods to 10% from 125%. Greer and Treasury Secretary Scott Bessent announced the tariff reductions at a news conference in Geneva.

The United States and China announced that tariffs against one another will be reduced for an initial 90-day period following trade talks in Switzerland.

The United States and China said Monday they agreed to a 90-day pause on most retaliatory tariffs imposed on each other since early April, when President Trump announced his sweeping global tariff

Treasury Secretary Scott Bessent /Pete Marovich/Getty Images)(GENEVA) -- The U.S. and China issued a joint statement on Monday announcing an agreement to cut reciprocal tariffs for 90 days, with both

The lead U.S. negotiator in trade talks with China cheered “a great deal of productivity” in resolving differences between the world’s two leading economic powers, after officials wrapped two days of bargaining in Switzerland following President

U.S. Trade Representative Jamieson Greer spoke Monday night with CNN's Kaitlan Collins, who asked: "If there were no major concessions made in Geneva by the Chinese officials, some businesses may ask,

Businesses fear a deal between Washington and Beijing to slash levies is only temporary. They are racing goods to the US for Thanksgiving and Christmas.