The United States and China have agreed to a temporary reduction of tariffs imposed on each other’s imports in a major development for international trade. US Treasury Secretary Scott Bessent announced that both countries will lower their respective tariffs by 115% for a duration of 90 days.
The agreement was reached following high-level discussions held in Switzerland over the weekend, which Bessent described as “productive and constructive.” This marks the first formal engagement between the two sides since President Donald Trump reinstated substantial tariffs on Chinese goods entering the US earlier this year.
The temporary rollback aims to ease economic strain and create space for further diplomatic progress. While the move is not a permanent resolution, it signals a willingness from both parties to find common ground amid ongoing trade tensions. More detailed frameworks and long-term strategies are expected to be discussed during subsequent negotiations.
Bd-pratidin English/ Jisan
