Stocks are rallying today after the U.S. and China struck a deal to pause most tariffs for 90 days. NBC News' Gabe Gutierrez reports more from the White House. MSNBC contributor and columnist Charlie Sykes joins Chris Jansing to share his analysis of the agreement.

The U.S. agreed to cut tariffs on Chinese goods from 145% to 30%, while China committed to reduce tariffs on U.S. products from 125% to 10%. The previous set of sky-high tariffs had threatened a surge in prices and a possible U.S. recession, experts told ABC News.