The U.S. and China on Monday announced they would significantly cut back tariffs placed on each other's goods for at least 90 days as both sides plan to continue negotiations on a trade deal, triggering a major surge in U.S. stock futures and global markets.

READ MORE: https://www.forbes.com/sites/siladityaray/2025/05/12/us-and-china-agree-to-roll-back-most-tariffs-for-90-days-as-negotiations-continue/