US, China agree to slash tariffs as Trump says will speak to Xi 

WASHINGTON, May 13: The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset" as he said talks with counterpart Xi Jinping could soon follow.

After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, the world's two biggest economies agreed in a joint statement to bring their triple-digit tariffs down to two figures and continue negotiations.

The announcement sent financial markets soaring after weeks of turmoil over tariff fears. Major Wall Street indexes surged, with the broad-based S&P 500 closing 3.3 percent higher.
"Yesterday we achieved a total reset with China after productive talks in Geneva," Trump said. "I'll speak to President Xi, maybe at the end of the week." �"AFP