President Donald Trump called the talks a “total reset,” while Beijing state media emphasized China’s goodwill and warned that its patience “has its limits.”
The United States and China have agreed to temporarily reduce tariffs on each other’s goods for 90 days following high-level talks in Geneva, signaling a pause in a trade war that has roiled global markets.
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced Monday that American tariffs on Chinese imports would drop from 145% to 30%. In return, China will cut its own blanket tariffs from 125% to 10%, effective Wednesday.
In a joint statement, both nations pledged to continue negotiations “in a spirit of mutual openness, continuous communication, cooperation and mutual respect.”
“This is a major turning point,” said Song Guoyou of Fudan University. However, analysts warned the move is only a temporary reprieve.
“It’s a more civilized way to divorce,” said Alicia García Herrero of Natixis.
President Donald Trump called the talks a “total reset,” while Beijing state media emphasized China’s goodwill and warned that its patience “has its limits.”