The U.S. and China have agreed to temporarily rollback on some tariffs. Adam Posen, president of the Peterson Institute for International Economics, puts today’s deal into context.

“What these factory owners are making is a point that, even with the tariff, it is still going to be drastically cheaper than when you’re buying from the brand directly,” said Caiwei Chen, a China reporter for MIT Technology Review.

The U.S. and China have agreed to a trade deal, dropping U.S. tariffs against China from 145% to 30% for 90 days.

Consumers are spending to get ahead of tariffs, but going too hard could pinch budgets down the line.

From the BBC World Service: There's been a thaw in U.S.-China relations, with a 90-day deal to ease their escalating trade war.

The U.S. is a big market for clothes and gear for hiking, fishing and climbing. But most of these products are made overseas.

Specifics are still TBD, but the U.K. got a reprieve on auto, steel and aluminum tariffs, while the U.K. may open up to more U.S. agricultural products.

Canada and the Northwest U.S. act as one to support the blueberry business, worth hundreds of millions of dollars. But tariffs could disturb that relationship.

From the BBC World Service: President Donald Trump is expected to announce a tariff deal with Britain later today.

They’re trying to justify price increases while also avoiding controversy.