U.S. and China to ease tariffs significantly for 90 days, White House announces

The White House announced on Monday that the United States and China had agreed to temporary but significant flexibility of tariffs imposed in the last two months, announcing significant success in commercial conversations with Beijing.

In a statement published on Monday morning, the White House said the two parties agreed that ongoing discussions “ Have the potential to address the concerns of each side in their economic and commercial relationship “and that” advance in the spirit of mutual opening, continuous communication, cooperation and mutual respect “, both parties had committed to a 90 -day suspension in April.

Speaking after the conversations in Geneva with Chinese officials, the United States Treasury Secretary Scott Besent was summoned by the Reuters agency as reporters who told reporters that Washington and Beijing would reduce their reciprocal tariffs by 115% for three.

This developing story will be updated.