US and China agree to pause tariffs
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China, tariffs
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Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.
The U.S.-China tariff deal sent the tech-heavy Nasdaq soaring, entering a bull market, and economists are optimistic that the U.S. may dodge a recession.
White House economic advisor Kevin Hassett said the Chinese were "very, very eager" to rebalance trade relations with the United States.