As of May 15, 2025, the United States and China reached an agreement on May 12, announcing that both sides would significantly reduce tariffs within the next 90 days. The United States will lower tariffs on Chinese goods from 145% to 30%, while China will reduce tariffs on American goods from 125% to 10%. This move is seen as a 'comprehensive reset' of bilateral relations, resulting in 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.