Donald Trump’s team is throwing itself into the most expansive and simultaneous set of high-level diplomatic negotiations in years, involving China, Ukraine, Russia, Iran, the Middle East and multiple global trading rivals.

The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.

Both the U.S. and China could be back at the negotiation table again soon to hash out further details, according to Treasury Secretary Scott Bessent.

U.S. President Donald Trump's comment on "unification" was about the U.S.-China trade relationship and U.S. policy toward Taiwan has not changed, the de facto U.S. embassy on the island said on Tuesday,

The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.

But on Monday, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer said the two sides had agreed to a 90-day tariff truce of sorts, with the U.S. dropping duties on Chinese goods to 30% and Beijing cutting import taxes on U.S. products to 10%.

President Donald Trump said on Monday that he could speak with China's President Xi Jinping at the end of the week amid progress between the two economic rivals on a trade deal.

The U.S. and China agreed to lower tariffs for 90 days. The details: U.S. tariffs on Chinese goods will fall to 30 percent from 145 percent. Meanwhile, China’s blanket tariffs on U.S. products will drop to 10 percent from 125 percent. A few tariffs will remain. President Donald Trump signed an order to lower prescription drug prices.

The 90-day pause is a major de-escalation in the tariff war and comes after talks between both countries in Geneva.

There are no winners in a trade war, Chinese President Xi Jinping told Latin American leaders and other officials in Beijing on Tuesday, as he sought to project unity with the region a day after the United States and China agreed to slash reciprocal tariffs.