US and China take a step back from sky-high tariffs, agree to pause for 90 days

Stock markets rose sharply as the globe's two major economic powers took a step back from a clash that has unsettled the global economy.

via: https://spectrumlocalnews.com/me/maine/news/2025/05/12/us-and-china-take-a-step-back-from-sky-high-tariffs--agree-to-pause-for-90-days