The US and China slashed sweeping tariffs on each other's goods for 90 days Wednesday amid a temporary truce in a brutal trade war that roiled global markets.

TAIPEI, Taiwan (AP) — China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate.

BEIJING: China and the United States cut sweeping tariffs on each others' goods for 90 days on Wednesday, after a temporary ceasefire in a brutal trade war that roiled global markets

Brazil signed protocols with China on Tuesday to allow exports of an ethanol by-product used in animal feed, challenging U.S. dominance in the market amid the ongoing China-U.S. trade standoff.

Grocers’ sales are more reliant on domestically grown food. Supermarket operator Kroger, which previously disclosed “small single-digit exposure” to inventory from China, was down 4.7 per cent in early trading. Walmart, where the bulk of US sales come from groceries, was off by 0.8 per cent.

Bullying” leads to isolation, Chinese leader Xi Jinping warned, after the Trump administration rolled back many tariffs.

The US and China have agreed to a 90-day suspension of steep tariffs following breakthrough trade talks in Geneva. While both sides promised major tariff cuts, concerns

The tariffs may be lower, but the structural tensions at the heart of the trade conflict remain unchanged. U.S. and Chinese delegations, led by U.S. Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer,

It took one weekend in Geneva for US President Donald Trump to roll back what has been seen till now as the raison d’etre of his presidency

China and the United States start their first major Trade War Two meeting on Saturday to pull back from what analysts describe as a lose-lose situation for their economies, without much clarity on what a win would look like for either side.

Wall Street was on track to open with losses as the initial euphoria over the 90-day truce in the U.S.-China trade war faded.