In a significant development, the United States and China have reached a 90-day tariff reduction agreement, intended to ease the pressure on businesses amid escalating trade tensions. While both sides expressed that neither backed down, the temporary relief has sparked mixed reactions among analysts. Treasury Secretary Bessent highlighted the importance of continued dialogue, stating that the Geneva talks represent a crucial step towards resolving the long-standing disputes. However, concerns remain about the sustainability of this truce, with calls for extensions from various quarters, including the Global Times. Market responses have been cautious, as some experts warn that underlying growth risks persist despite the deal, emphasizing that the trade war is far from over. As both countries explore opportunities and potential permanent arrangements, traders are left contemplating the future landscape of global trade.