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.

China said it has suspended some nontariff measures taken against U.S. entities imposed in April, another move to de-escalate tensions and implement [the trade agreement](

The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.

U.S. stocks were racing to overbought from oversold conditions in a short period of time as the U.S.-China trade tensions eased over the weekend. However, the fast recovery may limit further upside for the S&P 500 in the short term,

London (UKX) +0.43% to 8,589, reaching a five-week high and in line with European counterparts. Germany (DAX:IND) +0.34% to 23,567, reaching a fresh record high as investors cheered subsiding trade tensions.

Both sides are hailing the temporary reprieve, which will cut U.S. duties on Chinese goods to 30 percent, but analysts say underlying issues remain.

Asia-Pacific markets were set to climb Wednesday, after Wall Street benchmarks mostly rose on easing U.S.-China trade tensions. Japan's benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 38,365 while its counterpart in Osaka last traded at 38,300, against the index's last close of 38,183.26.

Somerville 3D printing company faces uncertain future with global trade tensions 02:09. In the heart of Somerville, a sleek, humming machine quietly shapes the future of manufactu

Crude oil futures jumped as much as 4% before paring gains Monday after the U.S. and China agreed to slash tariffs for 90 days while talks continue, raising hopes of an end to the trade war between the world's two biggest economies.