内容摘要：In this photo provided by researchers, an excavation team uncovers a wooden structure found on a riverbed near a waterfall in Zambia in 2019. The pair of crossed logs may be the oldest evidence of early humans building with wood, nearly half a million years old, according to a study published Wednesday, Sept. 19, 2023 in the journal Nature. (Larry Barham/University of Liverpool via AP)

In this photo provided by researchers, an excavation team uncovers a wooden structure found on a riverbed near a waterfall in Zambia in 2019. The pair of crossed logs may be the oldest evidence of early humans building with wood, nearly half a million years old, according to a study published Wednesday, Sept. 19, 2023 in the journal Nature. (Larry Barham/University of Liverpool via AP)

fell, meanwhile, as investors felt less need to buy something safe.The move announced Monday could add 0.4 percentage points to the U.S. economy’s growth this year, according to Jonathan Pingle, U.S. chief economist at UBS. That’s a significant chunk, and every bit counts when the U.S. economy shrank at a 0.3% annual rate in the first three months of the year.

The United States said in athat it will cut tariffs on Chinese goods to 30% from as high as 145%. China, meanwhile, said its tariffs on U.S. goods will fall to 10% from 125%. The 90-day pause gives time for more talks following the weekend’s negotiations in Geneva, Switzerland, which the U.S. side said yielded “The 90-day reprieve also comes at a vital time for the economy, allowing retailers and suppliers to “ensure that shelves are stocked for the all important back-to-school and holiday shopping seasons,” said Carol Schleif, chief market strategist at BMO Private Wealth.

Trader Mark Muller works on the floor of the New York Stock Exchange, Monday, May 12, 2025. (AP Photo/Richard Drew)Trader Mark Muller works on the floor of the New York Stock Exchange, Monday, May 12, 2025. (AP Photo/Richard Drew)

Of course, conditions could change quickly again, as Wall Street has seen all too often in Trump’s on-again-off-again rollout of tariffs. Big challenges still remain in the negotiations between China and the United States, and there is “no reason to believe that this will be anything other than a slow process,” said Scott Wren, senior global market strategist at Wells Fargo Investment Institute.

The U.S.-China pause followed a deal the United States announced last week with the United Kingdom that willForest Service, Fort Collins, Colo. (43,599 square feet)

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