Donald Trump touted a 90-day pause on his trade war with China, which will see both countries back away from sky high tariffs that had ground shipments to a halt. In a joint statement, the U.S. and China said that they would suspend their tariffs for three months as negotiations continue.

Monday's announcement of a temporary reduction in import tariffs is only the latest chapter in a nearly eight-year trade dispute that began during President Donald Trump's first term. The agreement, which followed discussions between American and Chinese representatives in Geneva,