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The U.S. and China announced Monday an joint agreement to cut reciprocal tariffs for 90 days.
The statement was released saying, both sides “recognizing the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship.”
Monday’s announcement comes two days after talks in Geneva, Switzerland, that were described as successful.
This is a developing story and will be updated.
The administration argued that the lawsuit was premature because federal agencies had not finished developing the policies.
The private meeting, which was first reported by The New York Times, took place in Manhattan.
The new tariffs, targeting dozens of products from hockey sticks to wine, went into effect at 12:01 a.m. ET on Saturday.
Chief Justice John Roberts issued an administrative stay of a lower court order set to take effect later in the day.
