in February that said the state’s human rights protections supersede
did nothing to resolve underlying differences between Beijing and Washington. The deal lasts 90 days, creating time for U.S. and Chinese negotiators to reach a more substantive agreement. But the pause also leaves tariffs higher than beforelast month. And businesses and investors must contend with uncertainty about whether the truce will last.
said the U.S. agreed to drop the 145% tax Trump imposed last month to 30%. China agreed to lower its tariff rate on U.S. goods to 10% from 125%.Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China’s Guangdong province, April 17, 2025. (AP Photo/Ng Han Guan, File)Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China’s Guangdong province, April 17, 2025. (AP Photo/Ng Han Guan, File)
announced the tariff reductions at a news conference in Geneva.The officials struck a positive tone as they said the two sides had set up consultations to continue discussing their trade issues. Bessent said that the triple-digit tariffs the two countries imposed on each other last month — in an escalation of tensions Trump started — amounted to “the equivalent of an embargo, and neither side wants that. We do want trade.’'
, escorted around town and guarded by scores of Swiss police, met for at least a dozen hours on both days of the weekend at a sunbaked 18th-century villa that serves as the official residence of the Swiss ambassador to the United Nations in Geneva.
At times, the delegation leaders broke away from their staffs and settled into sofas on the villa’s patios overlooking Lake Geneva, helping deepen personal ties in the effort to reach a much-sought deal.South African President Cyril Ramaphosa has not criticized Trump directly but said the U.S. president is being fed false information by some Afrikaner lobby groups in South Africa and some conservative commentators in the U.S. who have elevated the issue.
at the White House next week in an attempt to “reset” the countries’ relationship.Associated Press writer Matthew Lee contributed to this story from Washington.
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