Bullying’ leads to isolation, Chinese leader Xi Jinping warned, after the Trump administration rolled back many tariffs.

Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.

There’s more to Monday’s soaring stocks than the pause in crushing China tariffs.

President Donald Trump hailed a “total reset” in trade relations between the U.S. and China. But other trading partners may not find negotiations quite so smooth. To many, China may have appeared the toughest agreement to reach but Trump suggested otherwise, taking aim at the European Union Monday.

China hailed a trade agreement with the U.S. that will see both sides sharply reduce their tariffs for 90 days, calling it an "important step" that could lead to "deepening cooperation" between the world's two largest economies.

The de-escalation provides both sides with breathing space to find a way to preserve trading ties that were threatening to grind to a halt.

The dollar wobbled on Thursday in a turbulent week that saw investor relief at the U.S.-China tariff truce give way to a cautious mood amid uncertainty over the shape of various trade deals, while the South Korean won steadied after sharp moves.

Stocks looked set to open in the red on Thursday as the relief rally sparked by this week’s U.S.-China tariff deal lost steam. Futures tracking the Dow Jones Industrial Average fell 207 points, or 0.5%,

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.

Since last weekend's pause on tariffs with China was announced, stocks have been steadily regaining ground lost in April.

Former Fed president Bill Dudley warned that the central bank risks mistiming interest rate cuts if the economy stumbles into a recession.