Markets rise as US and China agree to slash tariffs

Matthew ShaynRF President

This temporary pause is a critical first step to provide some short-term relief for retailers and other businesses that are in the midst of ordering merchandise for the winter holiday season,

said NRF president Matthew Shay

Ultimately, we hope this weekend's agreement lays the foundation to lift the cloud of trade policy uncertainty that continues to weigh on investment, hiring, and demand across the world,

said deputy secretary-general, Andrew Wilson

President Trump is going to be here for the next three-and-a-half years. I don't think this is going to be the end of it... not by a long shot,

he told the BBC

We're not looking to hurt China,

Trump said after the agreement was announced

For businesses, the best they can do is build a moat around their company before the next round of tariffs arrives,

she said