China and the US announce a 90-day truce in the trade war, significantly reducing bilateral tariffs. The US lowered tariffs on Chinese products from 145% to 30%, while China reduced its tariffs from 125% to 10%. The agreement, reached in Geneva, aims to ease economic tensions and stabilize global trade. Authorities from both countries emphasized their commitment to ongoing negotiations to avoid economic decoupling and seek a more balanced trade relationship. Despite being temporary, the pact signals a possible reconfiguration in trade relations between the two largest economies in the world.
