Global markets surged after the US and China agreed to cut tariffs for 90 days.Wall Street made big gains at Monday's open.Treasury Secretary Scott Bessent said discussions with China over the weekend were "robust.

The 145 percent U.S. tariff on Chinese goods will come down to 30 percent for 90 days, while the two sides continue talks aimed at resolving their differences.

Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.