US Trade Representative Greer says US and China to roll back most tariffs

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Vice curate of Finance Liao Min, left, gestures toward a writer astatine a quality league astatine the Chinese ngo to the World Trade Organization successful Geneva, Switzerland, Sunday, May 11, 2025, alongside Vice Premier He Lifeng and Li Chenggang, vice curate of commerce. (AP Photo/Jamey Keaten)

FILE - U.S. Trade Representative Jamieson Greer testifies earlier the Senate Finance Committee connected Capitol Hill successful Washington, connected April 8, 2025. (AP Photo/Mark Schiefelbein, File)

GENEVA – U.S. and Chinese officials said Monday they had reached a woody to rotation backmost astir of their caller tariffs for 90 days and support talking to resoluteness their commercialized disputes.

U.S. Trade Representative Jamieson Greer said the U.S. agreed to driblet its 145% tariff complaint connected Chinese goods by 115 percent points to 30%, portion China agreed to little its complaint connected U.S. goods by the aforesaid magnitude to 10%.

Greer and Treasury Secretary Scott Bessent announced the tariff reductions astatine a quality league successful Geneva.

They said the 2 sides had acceptable up consultations to proceed discussing their commercialized issues.

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