China, Geneva and trade negotiations
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Trade talks in Geneva between the United States and China have ended for the night but will continue on Sunday, a source familiar with the matter told Reuters.
The White House has issued a statement saying the U.S. announced a China trade deal after the conclusion of talks between the U.S. and Chinese delegations in Switzerland on Sunday. But it wasn't immediately clear whether a deal had actually materialized.
In Geneva, the US and China agreed to a 90-day mutual tariff withdrawal, with President Trump hailing the talks as a 'total reset' in relations. Both nations recognize the value of continued dialogue to resolve trade issues,
China will host a summit that includes its key Latin American trade partners this week in an effort to advance influence and partnerships in the region, as Beijing and Washington work on defusing their trade war.
American levies on Chinese goods will drop from at least 145% to 30% for an initial period 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.