US-China agree to trade deal in Geneva; US to lower tariff on China goods from 145% to 30%
US-China trade deal: The US and China have agreed to put a 90-day halt on a part of their existing tariffs while working towards lowering existing tariffs, announced US Treasury Secretary Scott Bessent. “An agreement has been reached with China on a 90-day pause, and to substantially move down tariff levels,” he stated. He added that the…