Progress on US-China trade over the weekend sent stocks soaring on Monday. However, some top commentators warn that tariffs are still a big risk.

Wall Street soared on Monday, after a surprise trade truce between U.S. and China gave a massive boost to sentiment. Market participants piled into risky equities and shunned bonds, sending U.S. Treasury yields lower.

Stocks are soaring and trade tensions are deflating after the U.S. and China agreed to cut tariffs on one another temporarily — but there are a few sectors in which Americans could still feel the pain of higher levies longer term.