There is a reprieve in the trade war between the U.S. and China. After a weekend of negotiations in Geneva, Switzerland, a joint announcement was made saying both sides recognize the importance of ‘a sustainable, long-term and mutually beneficial economic and trade relationship.’ With this deal, the U.S. will lower tariffs from 145 percent to 30 percent on Chinese imports. At the same time, China will cut its tariff from 125 percent to ten percent. This agreement is in place for the next 90 days.
