The U.S. and China have agreed to roll back hefty tariffs, with the U.S. cutting the 145% tariff on Chinese imports to 30% and China reducing tariffs on U.S. goods from 125% to 10%. The 90-day truce offers hope for consumers and businesses. Hamas released Edan Alexander on Monday, who is believed to be the last living U.S. citizen held hostage in Gaza.

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