Geneva: US Treasury Secretary Scott Bessent announced on Monday that tariffs between the United States and China will be suspended for a period of 90 days and will be reduced by 25 points.
According to Kuwait News Agency, after discussions held in Geneva, Switzerland with Chinese representatives, Bessent stated, "We have reached an agreement on a 90-day pause and substantially moved down the tariff levels." He also mentioned that both countries have agreed to establish a committee for joint discussions and to continue negotiations.