Monday's announcement of a temporary reduction in import tariffs is only the latest chapter in a nearly eight-year trade dispute that began during President Donald Trump's first term. The agreement, which followed discussions between American and Chinese representatives in Geneva,

Under the new agreement, the US and China have both suspended all but 10% of their Liberation Day tariffs for 90 days and cancelled other retaliatory tariffs. This will cut US tariffs on Chinese imports to 30%, while Chinese tariffs on US imports will be cut to 10%. The pause will begin on 14 May.

President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.