Good morning, Quartz readers! Here’s what you need to know Cease and assist. The U.S. and China just announced they’ll pause and roll back most of their sky-high reciprocal tariffs for 90 days while negotiations continue. Suggested Reading Higher prices, falling incomes: A Fed governor says the tariff pain isn't over yet Trump says he spoke to Apple CEO Tim Cook after announcing the tariffs pause The Trump family's crypto company is going public How Trump’s tariffs could make your iPhone cost $