Treasury Secretary Scott Bessent Jean-Christophe Bott/Keystone, via Associated Press
After a weekend of meetings in Geneva, the U.S. and China said they would temporarily cut the tariffs they have imposed on each other while they continue negotiations.
The U.S. said its tariffs on Chinese goods would be 30 percent, instead of 145 percent. China’s rate on American goods will be 10 percent, down from 125 percent.