Hello and welcome to NewsHour from the BBC World Service.
I'm Celia Hatton and I'm coming to you live from our studio in central London.
Today's edition of NewsHour begins with what could be described as a temporary trade truce between two countries.
But for many of us,
the announcement today that the US and China are ratcheting down the import taxes they've slapped on each other's goods,
if only for 90 days, will lead to a sigh of relief.
That's
because the vitality of trade between the world's two largest economies has a huge knock-on effect on companies and consumers in many other places too.
Speaking at a news conference, the U.S.
Treasury Secretary Scott Besant said that Beijing and Washington had agreed the trade war between them was counterproductive.
The consensus from both delegations this weekend is neither side.
wants a decoupling.
And what had occurred with these very high tariffs was the equivalent of an embargo.
And neither side wants that.
We do want trade.
We want more balanced trade.
And I think that both sides are committed to achieving that.
But the deal they've agreed is far from clear.
After the talks wrapped up in Switzerland,
a reporter at the press conference for the U.S. team aimed this question at the U.S. trade representative,