By Ifeoluwa Odunayo
The United States and China have reached a breakthrough in Geneva, agreeing to a ninety day truce in their prolonged trade war by trimming tariffs to a uniform ten percent.
US Treasury Secretary Scott Bessent described the move as a step toward balanced trade and a bid to prevent deeper economic rifts.
The news sparked optimism across global markets, calming fears of a looming recession.
This development marks the first high level engagement between both nations since President Trump returned to office.
China had earlier hiked tariffs to one hundred and twenty five percent and restricted vital exports in response to Washington’s earlier trade measures.
