Trump team announces trade agreement with China
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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.
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
U.S. and Chinese representatives convened for talks in Geneva ... may be conducted alternately in China and the United States, or a third country upon agreement of the parties," the statement ...
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 agreed on some preliminary changes to trade, ending a monthslong tariff standoff that worried global markets.
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.