China and US agree 90-day pause to trade war initiated by Donald Trump

Countries to lower reciprocal tariffs by 115% as US treasury secretary says ‘neither side wants a decoupling’China and the US have agreed a 90-day pause to the deepening trade war that has threatened to upend the global economy, with reciprocal tariffs to be lowered by 115%.Speaking to the media after talks in Geneva, the US treasury secretary, Scott Bessent, said both sides had shown “great respect” in the negotiations. Continue reading...

May 12, 2025 - 10:58
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China and US agree 90-day pause to trade war initiated by Donald Trump

Countries to lower reciprocal tariffs by 115% as US treasury secretary says ‘neither side wants a decoupling’

China and the US have agreed a 90-day pause to the deepening trade war that has threatened to upend the global economy, with reciprocal tariffs to be lowered by 115%.

Speaking to the media after talks in Geneva, the US treasury secretary, Scott Bessent, said both sides had shown “great respect” in the negotiations. Continue reading...