Trade Alert: U.S. and China Agree to Negotiations Amid 90-Day Tariff Reduction

The United States and China agreed to a 90-day pause on most tariffs imposed on each other since April while the two countries negotiate a trade deal. The agreement de-escalates the trade war between the world's largest economies. (See U.S.-China Tariffs Accelerate Changes in Global Economy.) Overall, by May 14, 2025, the United States will reduce tarif…