From the opinion pages of the Wall Street Journal, this is Potomac Watch.

China and the United States strike a truce in their trade war, and investors around the world love it.

Stock soared and the dollar rose after the second rollback in Donald Trump's tariffs in a week.

What's in this U.S. China trade pact and what comes next? Plus, Donald Trump may accept a free

airplane worth something like $400 million from the Middle East nation of Qatar to replace Air Force One.

Is this kosher ethically or wise politically?

Those are our subjects for today on Potomac Watch, the Daily Podcast,

a Wall Street Journal opinion.

And I'm here with my colleagues Alicia Finley and Joe Sternberg.

So it was another slow news weekend with more epic decisions on a whole variety of subjects.

China trade the biggest market mover.

What amounts to essentially a de-escalation in the trade war, the two countries will

pair back tariffs for 90 days.

The U.S. will remove its 145% tariff rate on Chinese

goods. What remains will be 10% base tariff that Trump is imposing on all goods from all

countries, plus another 20% levy ostensibly to punish China for its role in the fentanyl trade

for a total of 30 percent.

In exchange, China will go to 10 percent for the 90 days from 125 percent.

Let's listen to the President explain the deal on the negotiations in Geneva.

The talks in Geneva were very friendly.

The relationship is very good. We're not looking to hurt

China. China was being hurt very badly. They were closing up factories. They were having a lot of

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