As of May 12, 2025, the US-China trade war has seen significant easing. Both sides have agreed to substantially reduce tariffs within the next 90 days, with the US reducing tariffs on Chinese goods from 145% to 30%, and China lowering tariffs on US goods from 125% to 10%. This move is seen as a "comprehensive reset" of the bilateral relationship, leading to a strong market rebound, with the Dow Jones Industrial Average rising over 1,000 points, led by technology stocks. Although this agreement brings short-term benefits to the global economy, analysts warn that structural issues remain unresolved, and future negotiations will need to be closely monitored.