The United States and China agreed to a trade deal over the weekend, calling for a 90-day pause on most tariffs. The market responded accordingly by adding $2 trillion in valuation, giving investors a reason for optimism,

U.S. and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.

The White House released a statement Monday saying the administration will continue “working toward a rebalancing” of a trade deficit with China. In 2024, the U.S. purchased $295.4 billion more in goods from China than China purchased from the U.S.

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

The United States and China slashed sweeping tariffs on each others' goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets

The dollar retreated slightly on Tuesday but held most of its gains on lingering optimism over a tariff deal between the United States and China, which tapped the brakes on a trade war between the world's two largest economies.

After months of tension, the United States and China have taken a step toward easing their strained trade relationship, announcing a deal following w

Both the United States and China acknowledge their mutual dependence with an agreement to pause their tariff war.