China, US slash sweeping tariffs in trade war climbdown

Washington and Beijing agreed to drastically lower skyhigh tariffs in a deal that emerged from pivotal talks at the weekend in Geneva. US President Donald Trump said Washington now had the blueprint for a "very, very strong" trade deal with China that would see Beijing's economy "open up" to US businesses, in an interview broadcast Tuesday on Fox News. "We have the confines of a very, very strong deal with China. But the most exciting part of the deal...that's the opening up of China to US business,"...