A surprising step, the United States and China announced an agreement to significantly reduce mutual tariffs for 90 days, indicating a de-escalation of the trade war between them. The two countries agreed in a joint statement to reduce triple-digit tariffs to double digits, while negotiations continue.

The Chinese side welcomed this progress and described it as "in the interest of both countries and the common interest of the world," expressing hope that Washington would continue to work with Beijing "to correct the wrong practice of unilateral tariff increases."