00:00The United States and China have agreed on a deal to slash reciprocal tariffs for now,
00:07as the world's two biggest economies seek to end a trade war that has disrupted the global outlook
00:12and set financial markets on edge.
00:15Speaking after talks with Chinese officials in Geneva,
00:19U.S. Treasury Secretary Scott Besant told reporters on Monday that the two sides had agreed on a 90-day pause
00:25on measures and that tariffs would come down by over 100 percentage points to 10%.
00:30We had very robust discussions.
00:36Both sides showed great respect.
00:40We have reached an agreement on a 90-day pause
00:49and substantially move down the tariff levels.
00:57Both sides on the reciprocal tariffs will move their tariffs down 115%.
01:04Besant was speaking alongside U.S. Trade Representative Jameson Greer
01:08after the weekend talks in which both sides had held progress on narrowing differences.
01:13The Geneva meetings were the first face-to-face interactions between senior U.S. and Chinese economic officials
01:21since U.S. President Donald Trump returned to power and launched a global tariff blitz,
01:26imposing particularly hefty duties on China.
01:29The tariff dispute brought nearly $600 billion in two-way trade to a standstill,
01:35disrupting supply chains, sparking fears of stagflation and triggering some layoffs.
01:40of the time as it goes.
01:41of again PGF
01:42of U.S.
01:42the tax cuts
01:44of a trade
01:44of an illegal
01:56當
01:57of a
01:59wind
02:00of
02:01a
02:02$700
02:03a
02:05$20
02:06$70
02:07$70
02:08$500
02:09$250
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