China and the United States announced a truce in their trade war on Monday after talks in Geneva that will roll back the bulk of tariffs and other countermeasures by Wednesday. The United States is dropping the extra tariffs it imposed on China this year to 30% from 145%,

The U.S. and China have agreed to sharply reduce their aggressive tariffs for 90 days as they seek ways to defuse the burgeoning trade war sparked by President Donald Trump. Following negotiations in Geneva,

In a pivotal move, the United States and China have resumed face-to-face trade negotiations in Geneva, aiming to resolve the tariff conflict that has rattled global markets.