Reported about 20 hours ago
In a significant deescalation of tensions between the US and China, both countries agreed to pause most tariffs for 90 days, reducing US tariffs on Chinese imports from 145% to 30% and China's tariffs on US goods from 125% to 10%. Treasury Secretary Scott Bessent indicated that this agreement aims to facilitate ongoing trade discussions and prevent a complete economic decoupling. Markets responded positively to the news, with major US stock indices seeing substantial gains.
Source: YAHOO