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Trump claims ‘total reset’ of US-China ties as 90-day pause to trade war agreed (www.theguardian.com)

submitted 15 hours ago by cm0002@lemmy.world to c/usa@midwest.social

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Donald Trump hailed a “total reset” in relations between China and the US after the countries agreed a 90-day pause to the deepening trade war that has threatened to upend the global economy, with tariffs to be lowered by 115 percentage points.

“They’ve agreed to open up China,” the US president claimed at a press conference at the White House on Monday morning, having spent months escalating tensions with Beijing by ratcheting up tariffs on the country’s exports.

After talks in Geneva, the US treasury secretary, Scott Bessent, said both sides had shown “great respect” in the negotiations. “The consensus from both delegations this weekend was neither side wants a decoupling,” he said.

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[–] resipsaloquitur@lemm.ee 4 points 13 hours ago

So he folded.