Will history repeat itself? I think I've seen this thing once in 2018!
May 19, 2018: The US and China issued a joint statement announcing a suspension of mutual tariff increases and agreeing to resolve differences through negotiations.
July 2018: The US side violated the consensus and unilaterally escalated tariff measures, leading to a breakdown in negotiations.
Now, the two countries have issued a joint statement in the Geneva trade talks, with both sides committing to:
Suspend 24% of tariffs for the initial 90 days, while retaining the remaining 10% tariffs
