After years of tariff tit-for-tat, the U.S. and China just called a timeout—and global markets breathed a sigh of relief.
The two economic giants have agreed to pause some of the stiff trade duties they’ve been lobbing at each other.
Buying time to dial down tensions and actually talk things through.
The announcement followed two days of talks in Geneva.
Negotiators from both sides came to the table with, surprisingly, mutual respect.
“Neither side wants to be decoupled,” said U.S. Treasury Secretary Scott Bessent.
He, along with Trade Rep Jamieson Greer, will lead America’s side of the ongoing negotiations.
On China’s end, Vice Premier He Lifeng will take charge.
What’s The Idea?
Work out a new path forward—one that isn’t paved entirely with tariffs and retaliations.
For now, both sides will ease up.
The U.S. will suspend an extra 24% in duties for 90 days, while China mirrors the move.
Some previous Trump-era tariffs will also be rolled back.
Stocks in the U.S., Europe, and Hong Kong ticked up almost immediately—because, really, who doesn’t love a little less chaos?
Let’s just hope future talks stick.
Because if economic diplomacy was a sport, this is the long-overdue halftime huddle.
