#TradeWarEases Secretary of the Treasury of the USA, Scott Bessent, and the US Trade Representative, Jamieson Greer, after the negotiations in Geneva. (Reuters/Martial Trezzini)

The United States and China announced on Monday a series of concrete measures to reduce trade tensions between the two countries, including the partial suspension of the most recent reciprocal tariffs. According to a joint statement released at the end of a new round of talks held in Geneva, Beijing will reduce tariffs on US products from 125% to 10% over the next 90 days, while Washington will cut its levies on Chinese goods from 145% to 30% during the same period.