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place to start. Head to Marketplace.org slash donate and thank you. On again, off again,

tariffs change yet again. From Marketplace, I'm Sabri Benishore,

in for David Brancaccio. The U.S. and China have agreed to temporarily cut tariffs on each other's

exports for 90 days while they figure out a trade deal. At stake is over $500 billion worth of

goods traded between the two countries.

U.S. Treasury Secretary Scott Besson said neither side wants to decouple.

U.S. market futures surged after the announcement.

So did Chinese markets.

Marketplaces China correspondent, Jennifer Pack, has more from Shanghai.

The move is in line with expectations of exporters and consumers in both the U.S. and China,

says the Chinese Commerce Ministry. Under the agreement, U.S. tariffs on most Chinese exports

will be cut from 145% to 30%, plus any pre-existing duties, while China will drop tariffs on all

American goods from 125% to 10%.

This is on top of the 10% to 15% retaliatory duties on certain American exports, such as coal and agricultural products.

But a 90-day tariff reprieve still doesn't make it easy for businesses to plan.

It takes weeks to manufacture products, and even longer, to ship goods.

Once the products arrive on each country's shores, and when tariffs are collected, businesses worry,

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