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.

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.

“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 ...

Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.

Wall Street opened higher on Monday after the US agreed to cut tariffs on Chinese goods to 30%, with China reducing its levies to 10%.

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.

The president's social media post could signal movement that would ease fears among consumers, businesses and the markets.

China and the United States have agreed to significant cuts in the tariffs they imposed on each other in recent months after talks over the weekend in Switzerland. The two nations have also agreed to continue to negotiations. Here’s a look at the deal and what it means for trade and the U.S. economy:

A White House executive order announced on Monday that the US will cut the "de minimis" tariff on China shipments to 54% from 120%, with a $100 flat fee starting May 14. This comes as the US and China agree to pause most tariffs for 90 days,