President Donald Trump’s agreement with China to temporarily slash tariffs for 90 days offered the world a bit of welcome relief.

A breakthrough in US trade talks with China is a boost for Donald Trump as his team throws itself into the most expansive set of high-level diplomatic negotiations in years, also involving Ukraine, Russia,

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

But on Monday, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer said the two sides had agreed to a 90-day tariff truce of sorts, with the U.S. dropping duties on Chinese goods to 30% and Beijing cutting import taxes on U.S. products to 10%.

The U.S. and China agreed to lower tariffs for 90 days. The details: U.S. tariffs on Chinese goods will fall to 30 percent from 145 percent. Meanwhile, China’s blanket tariffs on U.S. products will drop to 10 percent from 125 percent. A few tariffs will remain. President Donald Trump signed an order to lower prescription drug prices.

The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.

Both the U.S. and China could be back at the negotiation table again soon to hash out further details, according to Treasury Secretary Scott Bessent.

As Donald Trump shakes up the very institutions, alliances, and free trade order that have underpinned America’s global dominance since World War II, some in China are reminded of their own former leader — one who wielded revolutionary zeal to tear down the old world more than half a century ago.

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