#TariffsPause #TariffsPause #TariffsPause Short-term financial market: Positive signals from US-China tensions

In the context of what seemed like a resurgence of US-China trade tensions, the global financial market unexpectedly received positive signals.

President Trump has just reaffirmed his tough stance: he will not reduce tariffs on Chinese goods unless he receives 'concessions beneficial to the United States.' However, what is noteworthy is that China is taking a softer approach. According to Reuters, Beijing is exempting certain imported goods from the US from the staggering 125% tariffs, a move believed to be aimed at reducing pressure from the domestic business community.