Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.

Key Takeaways Goldman Sachs raised its projections for the S&P 500 after the U.S. and China agreed to lower tariffs on each other's imports for 90 days.The analysts said they now expect 11% growth from the index over the next 12 months.