Bessent: We have reached agreement with China on a 90-day pause, moving down tariff levels

- Both sides will move reciprocal/retaliatory tariffs down by 115%
- Both sides very committed to 90-day pause period (Greer)
- An effective trade embargo was not sustainable practice for both sides (Greer)
- Throughout the trade process, we have had a plan in place
- And now, we have a mechanism for continued talks