In a surprising turn of events, the United States and China have agreed to significantly reduce tariffs following a pivotal meeting in Geneva. This agreement, announced on a Monday, has exceeded Wall Street's expectations and initiated a 90-day 'cooling-off' period for further negotiations.

“A very good meeting today with China, in Switzerland. Many things discussed ... the president wrote on Truth Social. Trump floated an 80% tariff rate with China on Friday, according to reports. Gripas Yuri/ABACA/Shutterstock Trump floated lowering ...

The prospects for a major breakthrough still appear slight, but even a small drop in tariffs — particularly if taken simultaneously — could help restore some confidence.

The U.S. and China have resumed crucial tariff talks that have put the global economy on edge, but appeared to have diverging views of where the negotiations presently stand.

Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.

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

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.

White House economic advisor Kevin Hassett said the Chinese were "very, very eager" to rebalance trade relations with the United States.

The world's largest contract electronics maker, Foxconn (601138.SS, 2354.TW) said on Wednesday that despite its quarterly profit rising 91% and beating estimates, due to strong demand for its AI servers,