Trump live: US strikes trade deal with China as tariffs slashed for 90 days
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Trump live: US strikes trade deal with China as tariffs slashed for 90 days
The United States and China have struck a deal to slash tariffs for at least 90 days as both countries seek to end the trade war.U.S. Treasury Secretary Scott Bessent told reporters after the meeting in Geneva that reciprocal tariffs would come down by 115 percent.The trade war between Washington and Beijing rapidly escalated in April after President Donald Trump announced he would pause higher reciprocal tariffs for dozens of countries but was lifting levies on Chinese goods to 145 percent.China responded by increasing its tariffs on US goods to 125 percent, accusing the U.S. of bullying behavior.But recently both ..