China and U.S. Agree to Slow Down Trade Fight After Big Meeting

Monrovia, Liberia: It looks like peace is coming soon in the big trade fight between China and the United States. This trade fight has been talked about a lot. Both countries have now shared a joint message saying they want to calm things down.

China and the U.S. are the two biggest and strongest economies in the world. They made this choice after talking for two days in Geneva, Switzerland.

This joint message, which The Liberian Investigator has, says both countries have agreed to lower the pressure and stop making things worse with new taxes on each other’s goods.

The message says both China and the U.S. understand how important their trade and money relationship is—not just for themselves, but for the whole world. They also know they need a strong, lasting, and fair partnership that helps both sides.

Here is what the message says:

“The Government of the People’s Republic of China (“China”) and the Government of the United States of America (“the United States”),

• Know how important their trade and money relationship is to both countries and the world;

• Know how important it is to have a long-term, fair, and helpful trade relationship;

• Have thought about their recent talks and believe more talking can help fix each other’s concerns;

• Want to keep working together with honesty, good talks, teamwork, and respect for each other.”

By May 14, 2025, the U.S. will:

• Change how it adds extra taxes (called tariffs) on goods from China (including Hong Kong and Macau). It will stop 24% of the tax for 90 days, but keep 10% as stated in a rule made on April 2, 2025.

• Remove extra taxes from other rules made on April 8 and April 9, 2025.

China will:

• Do the same. It will stop 24% of its own added taxes on U.S. goods for 90 days and keep 10%.

• Remove added taxes from its own rules made earlier in 2025.

• Take steps to remove other limits and rules (not just taxes) it added since April 2, 2025.

Both sides also agreed to keep talking.

These talks will be led by:

• He Lifeng, Vice Premier of China,

• Scott Bessent, U.S. Treasury Secretary,

• Jamieson Greer, U.S. Trade Representative.

They may meet in China, the U.S., or another country. Smaller groups will meet as needed.

The U.S. has added taxes on Chinese goods for a long time. But when President Donald Trump added more, it caused big problems around the world. These actions also hurt other places like Canada, Europe, Africa, Asia, and Mexico. Mexico, in fact, was hit especially hard. Many people say this is a long-term problem that affects both the economy and society in many countries.