Overview

• The United States reduced tariffs on Chinese imports from 145% to 30%, while China cut duties on U.S. goods from 125% to 10%, effective for 90 days.
• The temporary agreement follows two days of negotiations in Geneva and establishes a framework for continued trade talks.
• Global markets and the U.S. dollar surged in response to the announcement, reflecting investor optimism over the de-escalation.
• Despite the tariff reductions, deeper trade issues such as intellectual property rights, market access, and state subsidies remain unresolved.
• Both nations acknowledge their economic interdependence, with analysts warning that the truce may only delay further economic and geopolitical tensions.