The US and China will lower taxes on things they buy and sell.

But the peace in trade did not fix problems between China and the U.S.

America will put a 30% tax on some things from China. China will put a 10% tax on some things from America.

Greer and Scott Bessent talked about lower taxes in Geneva.

The officials talked about trade problems. They want to trade again and will talk more.

America now puts a 30% tax on things from China. This tax has two parts. One part, 20%, is to stop a drug called fentanyl from China coming to America. The other part, 10%, is a normal tax from when President Trump was president. This new 30% tax is extra. There are also other taxes on China from before that are still used.

Last month, Trump made the tax 145%. China was angry and did something back. Then, on Monday, Trump changed his mind.

China said the deal is a good step to stop problems between the two countries and helps them work together more in the future.

This plan is good for farmers and people who buy food in both countries. It helps both countries and the world.

China and the US talked. China will stop some things it did because of US taxes. This includes rules for selling some things and rules for US companies in China.

Prices go up as two groups become friends.

We don't know how the trade problems between Washington and Beijing will end. It depends if they can agree in the next 90 days.

Bessent said the US and China will meet again soon.

But people with money were happy because the two biggest countries made a deal.

Stock prices went up a lot. Oil prices also went up. The dollar became stronger than the euro and the yen.

Mark Williams said, "This is less fighting now." But he said, "Maybe they will fight again after 90 days."

A man from Harvard said it is good the countries stopped fighting about trade. But the U.S. still puts high taxes on things from China. These taxes will hurt people in the U.S.

Trump got nothing from China after he made problems.

Craig Singleton said the deal happened fast.

China had money problems. Many people lost their jobs. Money went out of the country. Other countries stopped buying so much from China.

News from the U.S. and China made stocks go up a lot. U.S. stocks went up more than 2%. Hong Kong stocks went up almost 3%. Stocks in Germany and France went up 0.7%.

Prices went down a little. People don't know if prices will go down more or go up. This makes it hard for the two countries to buy and sell things and do business together. A teacher named Eswar Prasad said this.

He said it is good for the world economy if U.S. taxes on goods become big problems for trade, but not problems we cannot solve.

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

The boss told his team in China to send the toys. He thought the toys would cost more, but the price will only go up a little.

Foreman said the food was bad, like rotten eggs and spoiled milk. He was not happy.