After days of high-level negotiations, the trade standoff between the United States and China temporarily paused on Wednesday, with two of the world's largest economies slashing sweeping tariffs on each others' goods for 90 days.

The Trump administration and China have agreed to slash tariffs for the next 90 days in a push to deescalate a trade war between the world's two largest economies while the two sides continue to nego...

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.