📉US and China Announce 90-Day Tariff Pause to Ease #Trade Strain

In a joint effort to cool escalating trade tensions, the #US and #china have agreed to temporarily roll back tariffs for 90 days.

🔹 US: #Tariffs on Chinese goods reduced from 145% → 30%

🔹 China: Duties on US imports cut from 125% → 10%

The deal, struck during talks in Geneva between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, is aimed at easing economic pressure and signalling a cooperative path forward.

Markets responded quickly:

📈 S&P 500 futures climbed +2.8%

💵 US Dollar Index rose +0.7%

Though short-term, the truce may pave the way for deeper negotiations between the world’s top two economies.