How Bessent explained the 115-point reduction in U.S.-China tariffs that has triggered market euphoria - MarketWatch
1. U.S. and China agree on a 90-day tariff reduction. 2. U.S. tariffs on China reduced from 145% to 30%. 3. China lowers tariffs on U.S. goods from 125% to 10%. 4. Both nations emphasize importance of bilateral trade. 5. Investors react positively with Dow futures rising 1.90%.