China has taken a significant step towards easing tensions in its trade relations with the United States by suspending 24% of tariffs on goods imported from the U.S. for a period of 90 days, while maintaining a 10% tariff rate. This move follows discussions between key officials from both countries aimed at improving economic ties. Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent agreed to this temporary suspension, signaling a potential shift away from the long-standing trade war. While some sectors may see immediate benefit with reduced costs, businesses will still face a 10% tariff on imports. Market reactions are mixed as stakeholders weigh the short-term impact of this decision against longer-term financial implications.