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U.S. and China Agree to 90-Day Tariff Reduction in Trade War Breakthrough

The agreement lowers U.S. tariffs on Chinese goods to 10% and Chinese tariffs on American products to 30%, signaling a potential path toward easing economic tensions.

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El IBEX 35 renueva sus máximos anuales tras subir el 0,95 % ante el acuerdo EE. UU.-China
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Overview

  • After two days of high-level talks in Geneva, U.S. and Chinese delegations announced a temporary 90-day reduction in reciprocal tariffs.
  • The U.S. will cut tariffs on Chinese imports from 145% to 10%, while China will reduce duties on American goods from 125% to 30%.
  • Treasury Secretary Scott Bessent and Vice Premier He Lifeng described the talks as constructive, emphasizing 'substantial progress' and a spirit of mutual respect.
  • The trade war, initiated in April, had severely disrupted global supply chains and raised fears of a global recession before this agreement was reached.
  • Financial markets worldwide responded positively to the news, with major stock indices and investor confidence showing notable gains.