USA and China will lower taxes on goods.

But the stop in the trade fight did not help solve problems between China and the US.

The U.S. tax on some things from China is now 30%. Before, it was 145%. China's tax on some things from the U.S. is now 10%. Before, it was 125%.

Greer and Scott Bessent said prices will be lower in Geneva.

They talked and said they will talk more about trade problems.

America put a 30% tax on some products from China. This tax has different parts. Some of it is old taxes.

Last month, Trump made the tax 145%. He was angry because China did the same. Then, on Monday, he stopped.

China said the agreement is good. It can help solve problems and work together more.

"This project is good for people who make things and people who buy things in both countries," a ministry said.

China and the US talked. China will stop some things it did because of US taxes. China put limits on some materials and US companies.

Prices go up as two groups talk and make things better.

We don't know what will happen with the taxes on goods from the US and China. We don't know if they can agree in the next 90 days.

Bessent said: People from the U.S. and China will meet again soon.

But people with money were happy because trade people from the two biggest countries stopped fighting.

Stocks went up. Oil was more expensive. The dollar was stronger.

"This is a big change," said Mark Williams. But he said, "We don't know if the 90 days will stop fighting for a long time."

An economist said the countries stopped fighting about trade. But the U.S. still has high taxes on things from China. This will hurt people who buy things in the U.S.

Trump did not get anything from China. He caused many problems.

Craig Singleton said the deal happened fast because both sides needed money.

China had economic problems. More people lost jobs. Money went out of the country. Selling things to other countries went down fast, Singleton said.

When the U.S. and China talked, stocks went up a lot.

A professor said that high taxes and not knowing about future taxes will make it difficult for the two countries to trade and invest.

He said that taxes from the U.S. could make trade difficult, but not impossible.

Jay Foreman is the boss of Basic Fun. This company makes toys like Care Bears. He was happy the tax on toys from China is now 30%. But he wants it to be 10%.

The boss told his workers in China to send the toys. The toys stopped moving in April. He thought prices would go up a lot, but they will only go up a little. Prices will be 10% to 15% higher later this year.

Foreman said, 'This is a bad situation, and we are not happy about it.'