Following a round of talks in Geneva, America and China agreed to pull back from their trade war and slash tariffs, for 90 days at least. Donald Trump said some of the duties could be reimposed if no progress was made in further negotiations, but at probably a far lower rate than the 145% tariff America ended up levying on Chinese goods. Scott Bessent, the treasury secretary, said America would now aim for a strategic, and not a general, decoupling from Chinese trade. In another sign of a thaw in the trade war, China reportedly lifted its ban on Chinese airlines taking delivery of Boeing aircraft.