The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.

The U.S. will drop its tariffs to 30% (due to the 20% “fentanyl tariffs”), and China will drop its tariffs to 10%. The market has rallied as expected, and many tariff-prone stocks that would’ve otherwise been crushed in a long-term trade war have seen their stocks soar.

President Donald Trump’s agreement with China to temporarily slash tariffs for 90 days offered the world a bit of welcome relief