Summary
After emergency talks in Geneva, the US and China agreed to a 90-day mutual tariff reduction — the US to 30%, China to 10% — to allow space for negotiations. Both sides claimed victory. Analysts warned the structural issues remained entirely unresolved.
Terms of the truce, what each side conceded, and the timeline for further negotiations.
Why the deal resolves none of the technology, investment, or industrial policy disputes driving the conflict.
Chip war drives AI governance race
Global AI Governance Race
Liberation Day tariffs ignite stagflation trap
Global Central Bank Policy