China and the United States announced a truce in their trade war on Monday after talks in Geneva that will roll back the bulk of tariffs and other countermeasures by Wednesday. The United States is dropping the extra tariffs it imposed on China this year to 30% from 145%,

The two most important pieces to the global trade war puzzle may finally be coming together to prevent an attempted self-inflicted recession by the president.

Following negotiations in Geneva, the United States and China have agreed to lower tariffs substantially for the next 90 days.