Are China-U.S. trade talks back on track after Trump's suspension of some tariffs?

Washington announced on Tuesday it is delaying imposing certain tariffs on a range of Chinese imports until mid-December for "health, safety, national security and other factors." The news from the United States Trade Representative Office sparked a rally in stock markets, both in the U.S. and worldwide. With the next round of trade talks expected to take place in September, does the USTR's announcement raise hope for further progress? Will the trade situation be further complicated by the geopolitical tensions between the two nations?