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 agreed to a 90-day pause in their trade conflict. Here's what China's tariffs on the U.S. looked like in 2024.

Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.

There's no denying that the Geneva meeting was much-needed, and its outcome is good news for the general consumer. However, vendors and retailers are unlikely to suddenly lower prices or improve stocks, as there's still too much uncertainty—nervous markets tend not to go down the cheap route to entice buyers.

U.S. Trade Representative Jamieson Greer spoke Monday night with CNN's Kaitlan Collins, who asked: "If there were no major concessions made in Geneva by the Chinese officials, some businesses may ask,

Stock markets rose sharply as the globe’s two major economic powers took a step back from a clash that has unsettled the global economy. Economists warned that tariffs still remained higher than

One analyst said Singapore’s exports and overall growth may improve if US and China markets experience moderate demand from this temporary cut in reciprocal tariffs.

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.