Washington will reduce tariffs to 30% for 90 days, while Beijing will lower them to 10%. The suspension will take effect on May 14. After a marathon of negotiations on neutral ground to calm the 2.0 trade war reignited by Donald Trump,

Both sides are hailing the temporary reprieve, which will cut U.S. duties on Chinese goods to 30 percent, but analysts say underlying issues remain.

The world’s two biggest economies agreed to a 90-day pause on most of their levies after a first round of trade talks in Switzerland over the weekend.