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,

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.

Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

The new US-China trade truce has eased some of the pressure on global markets, but its impact on companies like Boeing highlights how disruptive the

China and the US released a joint statement on Monday following the China-US Economic and Trade Meeting in Geneva, announcing several key agreements, most notably a significant reduction in tariffs on both sides,

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

injecting more certainty and stability into the global economy, the ministry said. The joint statement issued by the two countries said China also agreed to suspend or remove other measures it has taken since April 2 in response to the U.S. tariffs.

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