News of large-scale tariffs suspended by the United States and China on each other has made U.S. companies eager to import goods from Chinese ports or factories over the past 40 days.

The deal, announced after negotiators from both countries held a meeting of negotiators in Switzerland over the weekend, bringing our tax rate on Chinese goods to 30% from 145% imposed by President Trump in early April. China agrees to reduce its taxes to 10%, from 125% imposed on the U.S. to 10%

Stocks soared after news of trading. Diane Swonk, chief economist at accounting firm KPMG US Morning version.

At a busy intersection, Swonk likens it to a broken light.

"Everyone suddenly slows down and tries to climb over the fire lights, not knowing who should go next," Swonk said. "And some people completely opt out, turn around, wait for the traffic to clear or fix the stop lights."

Speaking to NPR's Leila Fadel, Swonk shared her thoughts on why the U.S.-China deal could be a mixed news for consumers.

Good news and bad news.

Swook said the good news for the deal is that trade will flow again.

She added that responding to lower tariffs will take time to reach the U.S. market, so shoppers can still see some empty store shelves.

But, “This type of parking plan is something that can cause a big policy error,” Swook said, adding that when considering inflation and its impact on the U.S. economy, we remember the pandemic, and closing factories is much easier than upgrading them again. ”

"It's the same thing, and after the pandemic, there's suddenly a lot of freight costs, which is an extra fee," she added.

Probably stranded.

Swaker said the past 40 days have caused paralysis of imported goods and now panic brings them in.

Swook said the combination is a concern for most people. The Fed voted earlier this month to keep interest rates stable, citing concerns over economic uncertainty and the risks of higher unemployment and higher inflation.

“It’s not just a one-off event, because there are hierarchical nature and unevenness of unevenness (with) tariffs,” Swonk said. “It’s a multiple time event that gets these additional disruptions stuck into the supply chain, like we’re seeing now.”

Swook said the last time the United States experienced stagnation was in the 1970s. During this period, oil prices soared, and the costs of commodities and Americans also accepted high inflation as part of their lives.

Before the Fed knew inflation was under control, Swonk said it would have to postpone additional tax cuts.

Agreements with other countries will take time.

The Trump administration has touted its latest deal with China as a success. Last week, the White House reached a deal with the UK that raised tariffs on UK steel and aluminum, but left 10% on most other British goods. The UK trade deal is the first time since Trump has imposed huge taxes worldwide.

Swonk said it would be difficult for the Trump administration to negotiate 90 times with other countries in 90 days, adding that even the announced deals have very temporary rules around how it is implemented.

"These things usually take years. The rule of law and the ability to enforce it are much harder when not dealing with multilateral frameworks," Swonk said. "It's hard. It's just a one-to-one deal."

President Trump paused tariffs on other countries in early April for 90 days, saying more than 75 countries are seeking deals with the U.S., some of which could be restored in early July.

The broadcast version of this story was edited by HJ Mai. Numbers are edited by Treye Green.