Eases 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, in a move aimed at easing the ongoing trade war between the world's two largest economies.

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Financial Markets: Global markets experienced a notable recovery, with the Dow Jones index rising by more than 1000 points, and shares of technology and retail companies posting substantial gains.

Officials' Statements: U.S. Treasury Secretary Scott Pruitt described the negotiations as "constructive," while Chinese Vice Premier He Lifeng expressed optimism about the possibility of reaching a comprehensive agreement.

Finally, despite this positive step, there are still outstanding issues such as support for domestic industries and currency manipulation. Both sides hope to use this period of calm to reach permanent solutions.

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