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The United States and China agree to reduce mutual tariffs – NBC Boston

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The United States and China The two said that they agreed to a 90 -day stand for most The definitions they imposed On each other since last month, in a big step towards eliminating a trade war between the two powers that defeated the global economy.

The two countries said in a Joint.

This announcement comes after the two countries met in Geneva, Switzerland, during the weekend to discuss the escalating definitions, which made trade between the largest economists in the world impossible.

The two countries said they “will also establish a mechanism to continue discussions on economic and commercial relations.” The United States will continue to be represented by Treasury Secretary Scott Pesin and American Trade Representative, Jameson Jarir, while China will continue to be represented by Deputy Prime Minister He is Leving.

Discussions may take place alternately in China and the United States, or in a third country approved by both countries. The sides may also hold consultations at the level of work on related economic and commercial issues.

This is a developing story. Please check again for updates.

This story appeared for the first time NBCNEWS.com. More NBC news:

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