China, trade talks
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US, China pause tariff war
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The world’s two biggest economies agreed to a temporary rollback of most of their recent levies after negotiating in Switzerland over the weekend.
The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.
The U.S.-China tariff negotiations appeared to yield "a broad framework under which the two nations can conduct further talks," an analyst said.
GENEVA — The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world’s two biggest economies seek to end a damaging trade war that has stoked fears of recession and roiled financial markets.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”