After a round of negotiations in Geneva, the two countries agreed to pause parts of their trade war by reducing tariffs for 90 days\u2014down to 30% on Chinese imports into the U.S., while Beijing holds steady at 10% on American goods. Schiff was quick to criticize the imbalance, calling it a \u201closs disguised as diplomacy.\u201d<\/p>\n
\u201cThis isn\u2019t a breakthrough\u2014it\u2019s a bluff retreat,\u201d Schiff wrote<\/a><\/strong> on X, claiming the U.S. gave up leverage without securing meaningful concessions. Critics argue the deal\u2019s structure favors China and burdens American households, who are already projected to face an average of $1,300 in extra costs due to tariffs in 2025.<\/p>\n While Trump hailed the temporary rollback as \u201cgreat progress\u201d on Truth Social, skeptics suspect political motives. Schiff even suggested the timeline and figures may have been tailored to benefit allies close to the administration.<\/p>\n