The U.S. and China have agreed to a 90-day suspension of tariffs, reducing U.S. tariffs on Chinese goods from 145% to 30%. This has led to a rise in U.S. stocks, with the S&P 500 climbing 0.7% and erasing earlier losses for the year. Meanwhile, inflation slowed to 2.3% in April, giving the Federal Reserve potential leeway to cut interest rates. However, ongoing concerns remain over the long-term impact of President Trump’s tariffs, with legal challenges mounting and farmers expressing cautious optimism over market stability. Analysts warn inflation could rise again due to tariff pressures.