Will the US-China tariff deal avert a possible global trade war?

The US and China have agreed to reduce tariffs, taking a significant step toward de-escalating their trade dispute, which has been marked by record-high taxes. The US is lowering its tariffs on Chinese goods from 145% to 30%, while China will cut its duties on US products from 125% to 10%. Some tariffs are being removed or paused temporarily as the two nations seek to ease tensions after weeks of high tension, with many now concerned about the impact on global supply chains and trade relations. This could mark a potential end to months of escalating conflict sparked by President Trump's administration.