The United States and China said on Monday that they agreed to an agreement to reduce the mutual tariff at a time when Washington and Beijing are seeking to end a commercial war that disrupted the global economy and put financial markets on the edge of the abyss.

Speaking after talks with Chinese officials in Geneva, US Treasury Secretary, Scott Pessant, told the reporters that the two sides had reached a 90 -day agreement on measures and that the mutual tariff would decrease by 115 %.