America and China said they will make taxes on goods lower. This will help them buy and sell things more easily.

The US and China stopped fighting about trade for a short time. But they still have problems.

The U.S. will make a tax lower, from 145% to 30%. China will make its tax lower too, from 125% to 10%.

Greer and Scott Bessent said prices will go down.

Officials from both countries talked. They will talk more about trade problems. They said the high taxes on goods were like stopping trade. They do not want to stop trade. They want to trade.

America put a big tax on things from China. This tax is like other taxes on China.

Last month, Trump put a big tax on things from China. He was angry because China put taxes on things from the US. On Monday, Trump stopped the big tax.

China said the agreement is good. It helps solve problems between the two countries and helps them work together more.

This plan is good for people who make and buy things in both countries. It helps both countries and the world, the ministry said.

China will stop some things it started in April because of US taxes.

Prices go up because the two groups stop fighting.

We don't know what will happen with the new rules for trade between the two countries. It depends if they can agree in the next 90 days.

Bessent said U.S. and China will meet soon.

But people with money were happy because the two biggest countries stopped fighting about trade.

The S&P 500 and Dow Jones went up. Oil prices went up a lot. The dollar was stronger than the euro and yen.

This is a good step, but maybe they will fight again.

A professor said the USA and China stopped fighting about trade. But the USA still puts high taxes on things from China. This will hurt people in the USA.

Trump got nothing from China. He made problems, but got nothing.

Craig Singleton said the deal happened fast. He thinks both countries had money problems they did not talk about.

He said China had problems. More people did not have jobs. Less money came in.

News from the U.S. and China made stock prices go up a lot.

Prices went down a little, but we don't know about future prices. This can make it hard for the two countries to trade and share money, said Eswar Prasad from Cornell University.

He said it is good for the world economy if U.S. taxes are not big problems.

Jay Foreman sells toys. He is happy because the tax on things from China is now 30%. But he wants the tax to be 10%.

The manager said toys from China can leave now. Prices will go up 10% to 15%.

Foreman said the food was not good and he was not happy.