#TradeWarEases The U.S. and China agreed to a 90-day tariff pause on May 13, 2025, slashing duties by 115 percentage points, easing a trade war sparked by Trump’s 145% tariffs on Chinese imports and China’s 125% retaliatory levies. U.S. tariffs drop to 30%, China’s to 10%, boosting global markets, with S&P 500 futures up 2.7% and tech stocks like Apple soaring. Negotiations in Geneva, led by U.S. Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng, aim to de-escalate tensions threatening global recession. Analysts warn of uncertainty, as tariffs may rise again if talks falter.