The agreement lowers tensions in the trade war but does little to change the overall direction of deteriorating ties between Beijing and Washington, analysts say.

The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has disrupted the global economy and set financial markets on edge.

US, China agree on 90-day tariff pause; move to cut duties significantly, says US Treasury Secretary Scott Bessent, signalling easing of trade tensions