In a significant move towards easing global economic tensions, the United States and China have agreed to roll back tariffs, effectively pausing their prolonged trade war. Stock markets soared as the world’s two largest economies stepped back from a clash that has unsettled the global economy.

Chinese exporters are using false labels to evade U.S. tariffs by routing products through neighboring countries like Vietnam. In response, these nations are cracking down on deceptive practices to uphold international trade laws.

Americans may soon face empty store shelves due to President Trump’s ongoing trade war with China, warns business reporter Christine Romans. Significant drops in shipping activity and markets reacting to tone shifts rather than policy changes signal potential supply chain disruptions that will impact consumers in the coming weeks.

American industries are reeling as escalating tariffs on Chinese imports lead to canceled orders and disrupted supply chains. Experts warn that without a broader pause in the trade war, the damage to U.S. businesses could soon become irreversible.