Monday's announcement of a temporary reduction in import tariffs is only the latest chapter in a nearly eight-year trade dispute that began during President Donald Trump's first term. The agreement, which followed discussions between American and Chinese representatives in Geneva,

Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.

Treasury Secretary Scott Bessent said the US and China had agreed a 90-day pause and to "substantially" reduce tariff levels following talks in Geneva.