tradewareasess

US-China tariff war eases as world's biggest economies agree on trade deal

The United States and China have agreed to slash tariffs on each other’s goods for 90 days in a landmark trade deal.

According to NBC, in a major breakthrough the two biggest economies of the world, us and China, on Monday, May 12, 2025, announced that they have agreed to halt most of the tariffs imposed by both of the countries in April.

The countries in a joint statement said that the US tariffs on Chinese imports will be cut to 30% from 145%, while China’s levies on US imports will be cut to 10% from 125%.

The announcement came after a round meeting between the officials of the two countries in Geneva, Switzerland, over the weekend.

US Trade Representative Jamieson Greer told reporters in Geneva, “We were able to have very constructive and positive conversations with our Chinese counterparts, who clearly came to deal this week.”

US and China to continue discussion for trade relations

In a joint statement released, the US and China said that they recognise “the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship” and have agreed to establish a “mechanism to continue discussions about economic and trade relations.”

“These discussions may be conducted alternately in China and the United States, or a third country upon agreement of the parties. As required, the two sides may conduct working-level consultations on relevant economic and trade issues,” it added.

The Geneva talks were led by Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent and Greer.

US dollar and Chinese yuan rise after trade deal

Right after the announcement of the trade deal between the largest economies, the currency of the two countries recorded a significant rise.

After the suspension of heavy tariffs, the value of the US dollar and Chinese yuan. Both currencies valued up against the euro and Japanese yen, while the Chinese yuan also rose against the dollar.

#tradewareasess

#tradewareasess The U.S. and China have agreed to a 90-day suspension of certain tariffs, signaling a de-escalation in their ongoing trade tensions. This agreement follows two days of negotiations in Geneva, Switzerland, and is seen as a p stabilizing the economy
Key Details of the Agreement

Tariff Reductions: The U.S. will reduce its additional ad valorem duties by 24%, maintaining a 10% tariff rate on Chinese imports. China will reciprocate by lowering its duties on U.S. goods by a similar margin, also retaining a 10% tariff. Both countries will suspend tariffs imposed through recent executive orders and non-tariff countermeasures.

Extended Negotiations: The agreement includes a framework for continued discussions, with U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer leading the talks for the U.S., and China's Vice Premier He Lifeng heading the Chinese delegation.

Market Reaction: Global markets responded positively to the news, with stock indices such as the S&P 500, Nasdaq-100, and Dow Jones Industrial Average experiencing gains.

This development marks a significant step toward reducing trade tensions between the world's two largest economies.

#TrumpTariffs TrumpTariffs Are Back – What It Means for Markets 🚨**

Former President Trump is reportedly planning **new 10% tariffs on ALL imports** if re-elected, with even higher rates for China. This could shake up global trade, inflation, and crypto markets.

**Key Impacts to Watch:**
🔹 **Trade Wars 2.0** – Escalating tensions with China may disrupt supply chains.
🔹 **Inflation Fears** – Higher import costs could push prices up, influencing Fed policy.
🔹 **Crypto as a Hedge?** – Market uncertainty might drive more investors toward #Bitcoin and stablecoins.

Will tariffs fuel volatility or push adoption of decentralized finance? Let’s discuss! 👇 #tradewareasess #crypto #Markets

#TrumpTariffs
The term #TrumpTariffs refers to the trade policies introduced by former U.S. President Donald Trump, mainly targeting China, the EU, and other nations. These tariffs aimed to reduce the trade deficit and bring manufacturing back to America. While they were intended to protect American jobs and industries, they also triggered trade wars, raised costs for consumers, and affected global markets.

Supporters called it a bold move for economic security, while critics warned of inflation and retaliation. The long-term impact of these tariffs is still debated in economic and political circles.

#tradewareasess #globaleconomy #USChinaTrade

#TradeWarEases
*#TradeWarEases | A trade truce between the United States and China revives global markets 📉📈*

In a surprising move, the United States and China reached an agreement to reduce tariffs for 90 days:

- The U.S. reduced tariffs on Chinese imports from 145% to 30%.
- China reduced tariffs on American goods from 125% to 10%.
- The agreement came after talks in Geneva between the U.S. Treasury Secretary and the Chinese Vice Premier.
- Markets responded strongly: the Dow Jones index rose by more than 1000 points, and shares of companies like Apple and Amazon surged.

This temporary truce aims to ease trade tensions and provides an opportunity for further negotiations.

Do you think this step will lead to a permanent agreement? Share your opinion 👇#NewsTrade #tradewareasess #TradeStories

Write to Earn — One Week In, Here’s the Truth ✍️
After a full week of diving in, here’s what I made:
$0.00. Yep, not even a single dollar.

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Have you gone through this too?
Share your experience. Let’s keep it real, not hyped.
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