US and China Reach 90-Day Tariff Truce: A Step Towards Trade Stability

**China and US Agree to 90-Day Tariff Truce** Geneva, Switzerland – In a significant development in US-China trade relations, both countries have agreed to a 90-day truce to reduce tariffs. The US will lower tariffs from 145% to 30%, while China will reduce them from 125% to 10%. This agreement follows a high-level meeting in Geneva this past weekend. The announcement comes as a welcome sign amidst global economic uncertainties. Chinese Vice Premier He Lifeng described the meeting as "profound, sincere, and constructive." He also noted the establishment of a permanent consultation mechanism to address economic and trade issues. "The high-level meeting between both delegations was profound, sincere, and constructive," stated He Lifeng in a press conference. "We have agreed to establish a new mechanism for permanent consultations on economic and commercial issues." This agreement is viewed as a positive step towards resolving trade differences and promoting global stability. The willingness of both nations to engage in dialogue and seek mutually beneficial solutions offers hope for improved economic cooperation and a reduction in trade tensions.