💨 Abstract

The U.S. and China agreed to pause high tariffs on each other's goods for 90 days, providing temporary relief to American businesses reliant on Chinese imports. Despite this, companies still face high tariffs and uncertainty, leading to concerns about shipping bottlenecks and increased costs. Businesses are cautious about placing new orders, especially for the holiday season, as they await a long-term trade deal.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖