#TariffsPause

In the past 24 hours, US-China relations have continued to be strained, particularly due to trade tensions. China removed some US imports from its high tariff list in a move that appeared to be an effort to display the de-escalation of the trade war, but Beijing quickly shot down President Trump's claim of ongoing negotiations as "fake news." US stocks rose, driven by tech stocks, as investors monitored the tariff standoff. There has been no formal negotiation, and China has been asking the US to lift one-sided tariffs in order to resolve trade issues. Meanwhile, the Trump administration still pressures, seemingly without resolution in sight, as fears of more economic decoupling and impact on global markets persist.