#TradeWarEases — The USA and China have made significant progress in trade negotiations in Geneva. After two days of discussions, both sides agreed to establish a mechanism for a permanent economic dialogue, which may become the first step towards lowering tariffs and de-escalating tensions.

Financial markets reacted positively: the S&P 500 and CSI 300 indices rose, while demand for safe-haven assets, such as gold, decreased.

Although the specific details of the agreement have not yet been made public, both sides expressed their willingness for further negotiations, which could lead to a reduction in tariffs currently set at 145% for Chinese goods and 125% for American ones.

Analysts note that this is a positive signal for the global economy, although a final resolution to the conflict is still ahead.