The United States and China agreed to a trade deal over the weekend, calling for a 90-day pause on most tariffs. The market responded accordingly by adding $2 trillion in valuation, giving investors a reason for optimism,

The United States and China slashed sweeping tariffs on each other’s goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets and international supply chains.

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.

The dollar retreated slightly on Tuesday but held most of its gains on lingering optimism over a tariff deal between the United States and China, which tapped the brakes on a trade war between the world's two largest economies.

After months of tension, the United States and China have taken a step toward easing their strained trade relationship, announcing a deal following w

JPMorgan reduced its forecast for the chance of a recession this year after the United States and China temporarily lowered the higher tariffs they imposed.