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US Treasury Secretary Scott Bessent (L) and the United States Trade Representative Jamieson Greer, US and Chinese officials talk to media in the media after talks on tariffs in Geneva on May 11, 2025.
Valentine Flauraud | AFP | Getty pictures
On Monday, the United States and China agreed to temporarily suspend the most tariffs of each other in an action that shows the great melting of trade tensions between the two largest economies.
The trade agreement means reducing 125% to 10% of “mutual” tariffs between the two countries. US ‘ 20% tasks to Chinese imports associated with Fentanyl In China, 30% of the total tariffs remain in place.
The sliding is holding high stakes in Switzerland after us and China trade representatives.
“We have very productive talks and believe that here in Lake Geneva, added a great equality to a very positive process here,” he said.
“We agreed with a 90-day break and conveyed the tariff level significantly. The two-party tariffs in mutual tariffs will decrease by 115%,” he said.
He said they would continue discussions on both China and the US economic and trade policy.
Investors were discussed with the postponement of the tariff. Not, Nasdaq futures earned by 3.6% of earnings with S & P 500 Futures are 2.8% and Dow about 1000 points or 2.3%.
This Ice US $ Index rose sharply. The index, which measures US dollars against a basket of global currencies, lasted from 1.3% to 101.63.
Elsewhere, Pan-European Stoxx 600 index Increased by 0.7% During early morning deals.
This is a broken news story and will be updated shortly.
