U.S. Trade Secretary Scott Bessent said neither the U.S. nor China want to see a decoupling in their relationship, as each agreed to lower tariffs for 90 days.

U.S. stock futures soared, the dollar hit a one-month high and Treasury yields rose early Monday in Europe after the U.S. and China agreed to suspend most tariffs.

President Donald Trump announced that China has agreed to open its market to American companies. This agreement results from a temporary reduction of tariffs on goods from both countries. The decision aims to ease trade tensions between the U.