Milan, 12 May (LaPresse) – The United States and China have agreed in talks held in Geneva, Switzerland, to suspend some mutual tariffs for 90 days. The measure is to take effect by 14 May. According to a joint statement published by Xinhua, Washington and Beijing will suspend the application of 24% tariffs on goods for an initial period of 90 days, while maintaining the remaining 10%. ‘After taking the above measures, the two sides will establish a mechanism to continue negotiations on economic and trade relations,’ the statement said. ‘Negotiations may take place in China, the United States or a third country agreed upon by both sides. If necessary, the two sides may hold working-level consultations on relevant economic and trade issues.’