The latest news on the United States and China. Global markets rallied on Monday after the United States and China agreed to suspend steep tariffs for 90 days, offering temporary relief in a prolonged trade dispute that had disrupted nearly $600 billion in commerce.
Investors have welcomed the move, as tariff rates were drastically reduced on both sides and export restrictions were eased. However, core disagreements, ranging from industrial subsidies to United States demands over fentanyl, remain unresolved.