President Donald Trump's announcement that the U.S. and China will temporarily lower tariffs while they negotiate a new trade deal that will open up access China to U.S. businesses.

The U.S. and China agreed to lower tariffs for 90 days. The details: U.S. tariffs on Chinese goods will fall to 30 percent from 145 percent. Meanwhile, China’s blanket tariffs on U.S. products will drop to 10 percent from 125 percent. A few tariffs will remain. President Donald Trump signed an order to lower prescription drug prices.

Charles Gasparino commented on the US-China tariff agreement, suggesting both sides retreated during negotiations. He argued that Trump's initial tariff hikes triggered negative market reactions, particularly in the bond market,

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

President Donald Trump is expected on Monday to embark on an official visit to the Middle East, a major international trip during which he and his diplomats will continue pushing for peace between Russia and Ukraine and in the Gaza Strip.

The weekend deal adds to the sense that President Donald Trump may be backing off some of the more stringent trade tariffs.

The Dow Jones surged on the stock market today. Treasury Secretary Bessent spoke out on China amid tariff progress. Alibaba cleared an entry.