In a significant development today, Monday, May 12, 2025, the United States and China announced a temporary agreement to reduce mutual tariffs for 90 days, a move aimed at calming the ongoing trade war between the world's two largest economies.

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Financial markets: Global markets saw a significant recovery, with the Dow Jones Industrial Average rising more than 1,000 points, and technology and retail stocks posting significant gains.

Official statements: US Treasury Secretary Scott Besant described the negotiations as "constructive," while Chinese Vice Premier He Lifeng expressed optimism that a comprehensive agreement could be reached.

Finally, despite this positive step, outstanding issues such as subsidies for domestic industries and currency manipulation remain. Both sides hope to use this cooling-off period to reach lasting solutions.

This agreement represents a real opportunity to ease global trade tensions, but it requires serious commitment from both sides to achieve sustainable results.