#TradeWarEases Key Details of the Agreement

• U.S. Tariff Reduction: The United States will lower tariffs on Chinese imports from 145% to 30%.

• China’s Tariff Reduction: China will reduce tariffs on U.S. goods from 125% to 10%.

• Duration: These reductions are set for an initial period of 90 days.

• Negotiation Venue: The agreement was reached during high-level talks in Geneva between U.S. Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng.

• Additional Measures: China has committed to suspending or canceling additional non-tariff measures against the U.S.