The two sides have not formally started negotiations on the trade agreement; they have only agreed to sit down and negotiate with each other, so everyone shouldn't be overly FOMO.

What may follow could be a prolonged battle, which might continue to evolve into the previous state of the trade war, so please pay more attention to macro news!

But for the current market, at least this is good news, as it signifies a certain easing of the tariff battle.

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