US and China Reach Surprise Deal: Temporary Tariff Cuts Spark Hope for Trade Relations

**US and China Agree to Temporary Tariff Reduction** Geneva, Switzerland – In a surprise move following high-level meetings in Geneva, the United States and China have announced a temporary reduction in retaliatory tariffs. The agreement, brokered by US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, will see US tariffs on Chinese goods drop to 30%, while China will lower its tariffs to 10%. This represents a reciprocal reduction of 115 percentage points. "With this agreement, we come to an agreement that our reciprocal tariff rate will go down to 10% on the United States side," stated Secretary Bessent in a press conference. "The Chinese, on their side, also go down 115% to 10%." The temporary reduction will last for 90 days, providing a window for further negotiations. Both sides have expressed their commitment to using this time to find a more permanent solution to the ongoing trade dispute. The agreement marks a significant step towards de-escalation and offers a glimmer of hope for improved US-China relations. While the details remain to be fully worked out, the temporary tariff reduction is a positive development that could have significant implications for global trade and economic stability. The 90-day period offers a chance for both countries to engage in constructive dialogue and find common ground.