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,

In an agreement announced Monday, both countries will roll back reciprocal tariffs to a 10% rate for a 90-day period beginning Wednesday. Other, sector-specific U.S. trade levies on steel, aluminum and automobiles will remain in place, as will a 20% tariff announced by President Donald Trump earlier this year to address fentanyl trafficking.

After weeks of reciprocal tariffs by the US and China on each other's exports, a high-level meeting held in Geneva appears to have resulted in the reset button being firmly pressed. For an initial period of 90 days,