China and the United States announced a truce in their trade war on Monday after talks in Geneva that will roll back the bulk of tariffs and other countermeasures by Wednesday. The United States is dropping the extra tariffs it imposed on China this year to 30% from 145%,

A joint statement is expected later on Monday, though it was notable that neither side mentioned tariff rates specifically.

The agreement is a step toward de-escalating a tariff war that has led to a slump in trade across the Pacific Ocean.

The temporary reduction in tariffs that the United States and China announced in Geneva on Monday will lift, at least for now, the de facto trade embargo that had been in place between the two countr...

President Donald Trump’s agreement with China to temporarily slash tariffs for 90 days offered the world a bit of welcome relief.

American businesses that rely on Chinese goods reacted with muted relief Monday after the U.S. and China agreed to pause their exorbitant tariffs on each other's products for 90 days.

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Most recently, the U.S. and China reached at least a temporary ceasefire in the trade war that Trump launched shortly after his return to office.