American shoppers are expected to spend more during this holiday shopping season than last year despite economic uncertainty and rising prices.

American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days.

An estimated 114 million people plan to shop this year, part of the 166.3 million planning to shop from Thanksgiving Day through Cyber Monday, according to the National Retail Federation.

The National Retail Federation expects that holiday sales gain could shatter last year’s record-breaking season even as a snarled global supply chain slows the flow of goods and results in higher prices for broad range of items.

Total spending for the holiday will surpass last year’s record, the National Retail Federation said.