The United States and China have agreed to reduce reciprocal tariffs to 10%, rolling back more than 100 percentage points imposed during the recent trade dispute.
US Treasury Secretary Scott Bessent announced the deal in Geneva following high-level talks between both countries. The agreement includes a 90-day moratorium on further trade measures. China will suspend an additional 24% in duties on US goods during this period.
The tariffs had been raised to 125% by the US in response to what it described as a “de facto blockade” following China’s retaliatory actions to President Donald Trump’s April 2 tariff policy. The measures targeted a trade deficit with China that the US said reached $1.2 trillion last year, up 42% from prior levels.
Bessent said both sides conducted negotiations based on national interests and agreed on the need for more balanced trade. He reiterated that the US seeks increased market access for American goods and that rebalancing the trade deficit remains a key policy goal.
US Trade Representative Jamieson Greer said rebuilding communication channels damaged during previous trade tensions was a central challenge. He described the Geneva negotiations as a step toward restoring bilateral trust and enabling further discussions.
The 10% tariff rate will be a temporary baseline while both countries assess trade flows and consider permanent adjustments. Further talks are expected before the 90-day window closes.
