The temporary lifting of triple-digit trade levies between China and the U.S. while trade talks get under way removes the threat of an immediate stagflationary hit to the economy. This is very good news.

Donald Trump's second term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive a month ago, markets trembled and business leaders sounded alarms about the economic damage they would cause.

Big Tech, Wall Street, small businesses, and consumers threatened by Trump's tariffs can now breathe a sigh of relief…at least for the time being. In the early morning hours on Monday, President Donald Trump's Treasury Secretary Scott Bessent announced that the U.