US and China pause tariffs, easing trade tensions

The United States and China have temporarily paused their reciprocal tariffs, aiming to ease trade tensions and stabilize the global economy. This agreement is expected to have a positive impact on international trade. The pause involves slashing tariffs and fostering cooperation to prevent further economic disruption. This move should alleviate pressure on global supply chains, which had faced uncertainty due to the tariffs. A second round of negotiations will determine the long-term outcome. Analyst Sompop Manarungsan noted the agreement's impact on supply chains, marketing, and transport. The US was also facing product shortages and capital outflows. The agreement's success could set a benchmark for other nations.