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