The stock market went up after the U.S. and China agreed to reduce tariffs

The US has said that it’ll purchase $200 billion of goods from China after the two countries announced a temporary break from triple-digit tariffs. Meanwhile, China’s VicePremier He Lifeng said that the bilateral trade war between the US and China is “extremely frustrated with the US – China’s economic status”. The two countries have agreed to establish a consultation mechanism to continue addressing trade issues.