US and China pause tariffs for 90 days as Trump claims “historic trade win”

The US reimposed 120 percent tariffs on low-value Chinese e-commerce packages, sparking concerns about the impact on global trade and supply chains. Both countries are signaling they aim to strategically decouple certain products tied to national security—like semiconductors and medicine—but are unlikely to remove all tariffs. The S&P 500 rose nearly 2.6% and the NASDAQ Composite surged over 3.5%, reflecting optimism despite ongoing trade tensions. Experts, including Zhiwei Zhang of Pinpoint Asset Management, noted that the deal was better than expected, boosting investor confidence in global markets.