US and China Extend 90-Day Tariff Truce, Boosting Market Sentiment

The United States and China have formally agreed to extend their 90-day tariff pause, as announced by China’s Vice Minister of Commerce Li Chenggang. The truce, hinted at earlier this week by US Commerce Secretary Howard Lutnick, has already provided a lift to equities. Tech giants and firms with significant Chinese exposure—including Apple and Nvidia—stand to benefit.

Li revealed the agreement during a Stockholm briefing following "candid" and "in-depth" trade discussions. Both nations exchanged views on macroeconomic policies and pledged ongoing dialogue to forge a permanent resolution. US President TRUMP underscored improving relations, noting China’s invitation for a future visit: "We are getting along well with China."

Meanwhile, the US has escalated tariffs with other trading partners, though the China détente tempers broader trade tensions. Market participants will watch for Ripple effects across asset classes, including cryptocurrencies, as risk appetite improves.