The temporary peace, signals not an end to hostilities but a new phase defined by careful maneuvering and a "competitive coexistence."

Markets cheered the deal with China. But away from Wall Street, confidence is plummeting and prices are on the rise

US and China agreed to a 90-day tariff truce, reducing tensions significantly.

In a significant development for global trade, the United States and China have agreed to a 90-day pause in their escalating tariff war, substantially reducing tariffs on each other's goods. The US will cut tariffs on Chinese imports from 145% to 30%, while China will lower tariffs on American goods from 125% to 10%.

Asian spot liquefied natural gas (LNG) prices rose slightly for the second week running amid a slight uptick in demand as industrial sentiment improved following a 90-day tariff truce agreed by the United States and China during trade talks.

China hit back at four major economies—the United States, the European Union, Japan, and Taiwan—on Sunday by imposing steep anti-dumping tariffs on POM copolymers, a type of engineering plastic used in everything from electronics and auto parts to medical equipment.

Walmart, a leading retail giant, is set to increase prices on certain products due to rising costs from tariffs imposed by the Trump administration.

(Reuters) -A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said.