Overview

• The U.S. will lower its tariffs on Chinese goods from 145% to 30%, while China will reduce its tariffs on U.S. goods from 125% to 10%.
• The agreement includes a 90-day suspension of most reciprocal tariffs to allow for further negotiations aimed at resolving broader trade disputes.
• Both sides have created a formal consultation mechanism to continue discussions, with senior officials leading the process.
• Global financial markets responded positively, with stock indices and futures rising on optimism over the de-escalation.
• Officials from both nations emphasized their mutual interest in avoiding economic decoupling and described the talks as constructive.