A 90-day pause on punishing tariffs could restart trade between the world’s largest economies. But it is not enough to resolve uncertainty about the economy.

The 90-day tariff truce between the US and China is expected to increase shipments and production over the next three months. The de-escalation also provides relief for China’s economy. “We now believe H1 growth will be stronger than previously expected,

Stock markets rose sharply as the globe’s two major economic powers took a step back from a clash that has unsettled the global economy. Economists warned that tariffs still remained higher than

U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145 percent tariff rate on Chinese goods to 30 percent.

Businesses are rushing to import Chinese goods after the U.S. struck a temporary deal. This "stop-go" nature of trade could still mean higher prices and doesn't ease uncertainty, an economist warns.

In its first concrete steps since Trump ratcheted up tariffs, Beijing stuck to its incremental approach to addressing economic pain.

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.

If increased tariffs continue, they could disrupt the progress on bringing down inflation, Federal Reserve Vice Chair Philip N. Jefferson said May 14.

Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.