Us and China Agree to a Temporary Trade Deal – but tariffs are still higher than what they were before trump

Big Tech, Wall Street, Small Businesses, and Consures Threated by Trump’s tarifs Can now Breathe a Sigh of Relief… At Least for the Time Being.

In the early morning hours on Monday, President Donald Trump’s Treasury Secretary Scott Bessent announced That the us and china has come to a temporary trade agreement when meeting in geneva over the weeke.

Most notably, this temporary deal will see bot count their tarifs for a period of 90-days while negotiations continue.

According to the Announced Deal, the us will lower trump’s reciprocal tarifs on goods coming in from China from 145 percent to 30 percent. China will also lower its tariff on us experts to the country from 125 percent to 10 percent. Each side has basically knocked their tariffs down by 115 percent.

The stock market surged On Monday Morning Based on this news. Tech stocks were especially on the move after the temporary Trade Deal Announcement. Tesla and amazon rose by more than 7 percent in the early hours. Apple Stock also Saw A 6 Percent Rise, Followed by Meta and Nvidia Stock at 5 Percent. Electronics Retailer Best Buy Saw Its Stock Surge by 10 Percent as Well.

The original 145 Percent reciprocal tariffs levided on china by trump sent the stock market in a tailspin during a 4-day stretch in early april and created supply chain issues for tech companies Looking to avoid Paying the new reciprocal tariff for as long as possible – Before Inevitally passing on the additional costs to consumers.

Trump’s 145 Percent Tariff Loked to Be Especially Devastating for Businesses in the Electronics and Technology Spaice as many of that products are manufactured in China. Just earlier this month, for example, the security camera company wyze shared that it had just paid $ 255,000 in tarifs For a $ 167,000 purchase due to trump’s traffic war with China.

While The 30 Percent Tariff is a Huge Drop from 145 Percent, it should be noted that it’s still higher than the flat 10 percent tariff from before trump tax. And, of course, this is only a temporary, 90-day agreement between the US and China. If Negotiations Fail Going Forward, Businesses and Consures Might be looking at more tarif woes in the months ahead.