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U.S. technical school breed , along with the full stock markets , seemed quick to go the day on a high note , as the United States and China on Monday agree to temporarily trim reciprocal tariff for 90 days .
Per the lot , reached in Geneva , the U.S. would temporarily shelve the 145 % reciprocal duty on good spell from China , taking the pace down to 30 % ; and Beijing would intermit the 125 % tax it had imposed on goodness from the U.S. , ask its rate down to 10 % .
Tech stocks jumped before the Vanessa Stephen , with Chinese exporters Temu and Alibaba ’s stocks on the Nasdaq up well-nigh 9 % in pre - market trading . Big U.S. tech firms that rely on China for sourcing and fabrication , include Apple , Amazon , Tesla , Nvidia , AMD , and Meta , were all up 5 % to 6 % pre - market . Nasdaq Futures come up around 3.8 % .
Notably , the mountain does not address the U.S. ’ recent remotion of the “ de minimis ” exemption , which waived duties on imports prise below $ 800 .