US, China Agree to 90-Day Tariff Truce

The United States and China have agreed to a 90-day pause in their trade war, lowering U.S. tariffs on Chinese imports from 145% to 30% and Chinese tariffs on American goods from 125% to 10%. The truce, reached after high-level talks in Geneva, was praised by President Trump as progress toward fairer trade, while China emphasized the need to end 'bullying,' calling the agreement a preliminary step. The partial tariff rollback has eased immediate recession fears and sparked rallies in financial markets, but analysts warn that major issues remain unresolved. The deal has also impacted global supply chains, with countries like Vietnam and Mexico reassessing their competitive positions as the 'China-plus-one' strategy faces new uncertainties. U.S. businesses and consumers are expected to see short-term benefits, though companies remain wary of ongoing volatility. Experts suggest the agreement reflects mutual economic pressures and may be extended, but persistent challenges in U.S.-China relations continue.