In the meantime, each side lowered its announced tariffs by 115%: The US reduced tariffs from 145% to 30%, while China cut tariffs from 125% to 10%. China almost removed a series of barriers by refusing to export rare earth metals and investigating US chemical giant Dupont for monopoly. Stocks soared Monday, with the Dow Jones industrial average closing up 1,160 points and S&P rising 3.26%.

"By lowering the tariffs, you're not disrupting supply chains," Senator Ron Johnson (R-WI) told "Washington Watch with Tony Perkins" on Monday. "It's brought a little bit more certainty and stability ... to the economy, which is what private sector investors are looking for."

"The consensus from both delegations this weekend is neither side wants a decoupling," said Treasury Secretary Scott Bessent in Geneva. "We want more balanced trade. ... We would like to see China open to more US goods."

The move signaled the president had stepped back from economic brinkmanship with China. But it fulfills President Trump's long-term strategy for trade.

"His entire campaign, he said he wanted to put a 10% global tariff on the world with higher tariffs on China, around 50-60%, and guess where we are today? All in on China. It's about 50% and 10% on the world," US Trade Representative Jamieson Greer told Laura Ingraham on Monday night, counting tariffs imposed in the first administration. "He's doing exactly what he said. ... The president's plan is being carried out exactly."

Yet Greer noted Trump made China the "first target" of his first administration, imposing 25% tariffs "on most goods that come from China, including on steel and aluminum and a host of other high technology products."

Greer observed that the threatened, additional 34% tariff on Chinese goods "could still happen," The CCP "has a 90-day pause to negotiate."

The agreement with China builds on additional trade wins. The Trump administration unveiled an agreement with the UK, imposing a 10% tariff on all goods. Subscribe for free to Breaking Christian News here

Ben Johnson is senior reporter and editor at The Washington Stand.

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Trump Grants Federal Workers Two Additional Christmas Holidays

America Fest 2025: Erika Kirk Endorses 'My Husband's Friend' JD Vance for President

Brent Bozell Confirmed as US Ambassador to South Africa

Jury Quickly Convicts Judge Who Helped Illegal Migrant Escape ICE

Feds Estimate Somali-Linked Fraud in Walz's Minnesota Could Top $9 Billion

Trump SUSPENDS 'Green Card Lottery' after Program Let Brown University–MIT Shooting Suspect Enter the US

Brown, MIT Shooter Found Dead for Days in NH Storage Unit; Motive Still a Mystery

House Passes Bill to Criminalize Transgender Mutilation of Children

November Inflation Falls to 2.7%, Lower than Expected: 'This Is Good News for Wall Street; It’s Good News for Main Street'

MOVIEGUIDE's Review of the New Animated Film: DAVID

Massachusetts Drops Controversial Gender Ideology Mandate for Licensing Foster Care Parents

Nearly 40% of Women Suffer Severe Grief for Years after Abortion, Miscarriage: Study

Former Pfizer Vice President: COVID Shots Were 'Designed to Cause Injury,' Reduce Fertility

Dutch Sheets Shares a Warning from the US National Counterterrorism Center

Venezuela: Trump's Pressure Campaign and Maduro's Fury

President Trump Charts Accomplishments and Previews Future Policies during His Primetime Address

Secretary Hegseth and Franklin Graham Preach Gospel at Pentagon Christmas Service: 'Jesus Took Our Shame'

'Unsafe, Needless, Irreversible': HHS Sec. Kennedy Takes Sweeping Action to Reverse Biden-Era Policies on So-Called 'Gender Affirming Care'

Hobby Lobby Giving Away Half a Million Copies of Book Defending Biblical Christmas Story [Video]

Geothermal Blind Power Site Discovered in Nevada