President Donald Trump announced expectations for substantive U.S.-China trade negotiations over the weekend, signaling a possible reduction in punitive U.S. tariffs on Beijing from 145%.

U.S. stocks are rallying after the United States and United Kingdom announced a deal on trade that would lower some tariffs ...

Trump paused reciprocal tariffs for 90 days on April 9, saying countries were eager to negotiate deals. The first emerged a month later with the UK.