The recent deal between the United States and China to pause trade hostilities for 90 days will likely spur renewed activity throughout China's mammoth manufacturing sector, with repercussions for the country's energy needs.

The Trump administration agreed after talks in Switzerland to pare back its 145 percent in tariffs charged on imports from China to 30 percent.

The tariff rollback is a significant win for Alibaba and its investors since it will lower the cost of importing goods into the U.S. This is still an important market for Alibaba’s international sellers. Regardless, you should keep in mind that 30% tariffs still remain, and there will no longer be a de minimis exemption.

Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.

Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.