U.S. and China Reach Trade Agreement, Agree to Roll Back Tariffs

Beijing (Roshni Pakistan News) — The United States and China have reached a breakthrough trade agreement during high-level negotiations held in Geneva, marking a significant step toward easing long-standing economic tensions between the world’s two largest economies.

According to the White House, U.S. President has been briefed on the outcome of the talks, which concluded after several rounds of intensive discussions.

Speaking to reporters, U.S. Treasury Secretary Scott Bessent stated that both parties have agreed to suspend further trade measures for 90 days and to reduce tariffs by over 100%, bringing them down to 10% on several key categories. “Both nations represented their national interests firmly. Our shared goal is balanced trade, and the U.S. will continue progressing in that direction,” Bessent said.

He described the negotiations as a “major breakthrough,” adding that full details of the agreement would be released in the morning. Bessent also extended his gratitude to the Swiss government for hosting the dialogue.

The American delegation included the Vice President, two senior cabinet members, and the U.S. Ambassador.

U.S. Trade Representative Jamison Grays also hailed the talks as productive, stating that the agreement would help reduce America’s $1.2 trillion trade deficit. “This deal is a critical step toward addressing the imbalance and fostering fairer trade practices,” Grays noted.

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Analysts view this agreement as a potential turning point in U.S.-China relations, which have been strained in recent years due to tariffs, technology disputes, and strategic competition.