The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has disrupted the global economy and set financial markets on edge.

WASHINGTON − Top Trump administration officials said they reached a trade agreement with China after two days of negotiations in Geneva, marking a potentially massive victory for President Donald Trump amid his trade war with Beijing.

The 145 percent U.S. tariff on Chinese goods will come down to 30 percent under the deal. The U.S. Treasury secretary said “neither side wanted a decoupling.”