The first round of the Trump tariffs, which still mimicked traditional trade wars, involved mainly Canada, Mexico and China. The second round began with "reciprocal tariffs," which rely on flawed methodologies and mistaken calculations, covering most trading economies worldwide. Then came the huge U. S. retaliatory tariffs, which China countered.

Trade talks in Geneva between the United States and China have ended for the night but will continue on Sunday, a source familiar with the matter told Reuters.

The United States and China have agreed to a 90-day pause on tariffs, which means the ultra-high tariff levels between the two countries will now drop sharply.

T op negotiators from the United States and China are set to meet in Geneva on Saturday, as the world’s two largest economies seek to navigate a path away from a bruising trade war that has disrupted global supply chains, slowed economic growth, and sent shockwaves through industries from electronics to agriculture.

With distrust running high, both sides have been keen not to appear weak, and analysts have low expectations of a breakthrough.

The United States and China are carrying out high-level diplomatic talks in Geneva, Chinese state-run media reported from the Swiss capital on Saturday.

The United States and China have signed a "trade deal" after a more than month-long trade war between the world's two largest economies, the White House has said. The pair had been negotiating in Geneva,

Switzerland’s president has lamented “disappointing” talks with U.S. President Donald Trump’s treasury secretary that did not ease stiff U.S. tariffs on Swiss goods.