China’s surprisingly quick agreement with the US to wind back punitive tariff rates put a spotlight on a Chinese negotiating team that features decades worth of technical trade experience alongside a top aide of President Xi Jinping.

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

China's leader Xi Jinping took an apparent swipe at President Trumps tariffs policies on Tuesday. Why it matters: Xi's first remarks since China and the U.S. agreed to cut tariffs on each other for 90 days were far removed from those in the U.

The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for US small businesses, who remain cautious as tariffs are still sky high by historical levels and are also pressuring profits.

The United States and China have slashed sweeping tariffs on each others' goods for 90 days, after a temporary ceasefire in a trade war that roiled global markets and international supply chains.

President Donald Trump says he will likely speak with China’s leader Xi Jinping “maybe at the end of the week.”

For years, the leader of China has planned to make the world dependent on its exports and know-how. But the strategy has costs for his own country.

Chinese President Xi Jinping’s presence at the parade gave Russian President Vladimir Putin a boost as he tries to show that he is not isolated on the global stage.