There's no denying that the Geneva meeting was much-needed, and its outcome is good news for the general consumer. However, vendors and retailers are unlikely to suddenly lower prices or improve stocks, as there's still too much uncertainty—nervous markets tend not to go down the cheap route to entice buyers.

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%.

The White House backed off from the steepest levies, as the costs of an all-out trade war with China threatened global economic growth.