Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.

The United States and China said Monday they agreed to a 90-day pause on most retaliatory tariffs imposed on each other since early April, when President Trump announced his sweeping global tariff

The U.S.-China tariff truce creates short-term relief but long-term uncertainty. Companies are racing to adapt supply chains, while consumers continue to absorb elevated costs during the 90-day pause.