The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

Analysts welcomed the de-escalation agreed in Geneva, but told Newsweek that many questions remain unanswered.

Former Treasury Secretary Lawrence Summers applauded the Trump administration’s walk-back from what he characterized as overly aggressive trade protection measures, singling out Scott Bessent in particular for his weekend work with China.

The U.S. and China agreed to lower tariffs for 90 days. The details: U.S. tariffs on Chinese goods will fall to 30 percent from 145 percent. Meanwhile, China’s blanket tariffs on U.S. products will drop to 10 percent from 125 percent. A few tariffs will remain. President Donald Trump signed an order to lower prescription drug prices.

On "Forbes Newsroom," author and U.S.-China relations expert Gordon Chang discussed the U.S.-China trade deal.

Trade deals are driving the recovery for U.S. stocks with the S&P 500 erasing all of its losses post Liberation Day. President Trump continues his Middle East trip striking partnerships and investments,