US and China Agree to Temporarily Halt Tariffs, Boosting Global Markets

A breakthrough in U.S.-China trade relations has brought a 90-day suspension of 24% tariffs into effect. This temporary agreement, reached during recent talks in Geneva, is aimed at mitigating economic tensions and stabilizing global markets. 24% tariffs were suspended for 90 days starting April 2nd, 2025, with the U.S. and China agreeing to review these tariffs by May 14th, 2025. This agreement marks a significant step forward in efforts to address trade imbalances between both nations.