US and China Reach 90-Day Tariff Truce in Surprise Trade War Development

**US and China Agree to 90-Day Tariff Truce** Washington, D.C. - In a surprise move that sent shockwaves through global markets, China and the United States announced a 90-day pause on their escalating trade war. The agreement, reached late last night, involves significant tariff reductions on both sides. China will lower tariffs on American exports from 125% to a mere 10%, while the US will reduce its tariffs from 145% to approximately 30%. "This is a major development," stated Aaron Parnas, a financial analyst who broke the news in a widely-viewed social media video. "While it's only a temporary pause, it shows a willingness from both sides to de-escalate tensions and seek a more lasting solution." The temporary tariff reduction is intended to provide breathing room for both countries to engage in further negotiations aimed at reaching a comprehensive trade deal. While the 30% tariff remains substantial, it represents a significant decrease from the previous rate and could lead to a reduction in prices for consumers. The stock market reacted positively to the news, with major indices showing significant gains in early trading. The 90-day period will be crucial in determining the future trajectory of US-China trade relations. The success of negotiations will hinge on the ability of both sides to find common ground and address the underlying concerns that fueled the trade war in the first place. The world watches with bated breath to see if this temporary truce will pave the way for a more lasting peace.