Cooling U.S.-China trade tensions don’t mean smooth sailing for U.S. economy - MarketWatch
1. China and the U.S. agreed to cut tariffs, easing trade war tensions. 2. Effective tariff rate for U.S. consumers is 17.8%, highest since 1934. 3. Economists see potential GDP growth increase due to tariff reductions. 4. Inflation may peak at 3.4%, lower than previous estimates. 5. Stock indexes surged in response to the trade agreement.