Geneva: The United States and China declared Monday May 12 to May 12.
Speak after Speak with Chinese officials in GenevaUS Treasury Secretary Scott Bessent told journalists that the two parties agreed on a 90 -day break on the measures and that the prices would decrease by more than 100%.
“The two countries have represented their national interest very well,” said Bessent. “We both have an interest in balanced trade, the United States will continue to progress towards this.”
Bessent spoke alongside the US trade representative Jamieson Greer after the weekend talks in which the two parties had greeted the progress of the differences in narrowing.
Geneva meetings were the first in-face to face interactions between senior economic officials in the United States and US President Donald Trump, returned to power and launched a global tariff blitz, imposing particularly important tasks on China.
Since his entry into office in January, Trump has traveled the prices paid by American importers for 145%China goods, in addition to those he imposed on many Chinese products during his first mandate and the rights taken by the Biden administration.
China retaliated by putting export borders on rare, vital land elements for American manufacturers of electronic weapons and goods, and to increase prices on American products to 125%.
The tariff dispute has brought nearly $ 600 billion in two -way trade, disturbing supply chains, arousing fears of stagflation and triggering dismissals.
The financial markets have sought signs of thaw in the trade war and the term contracts on the actions of Wall Street climbed and that the dollar did schoolists against the peers of Safe Haven on Monday while the talks stimulated the hope that a global recession could be avoided.
