#TradeWarEases The United States and China have reached a significant agreement to de-escalate their ongoing trade war by substantially reducing tariffs in the next 90 days. Following high-level talks in Geneva, the U.S. will reduce tariffs on Chinese products from 145% to 30%, while China will reduce its tariffs on U.S. imports from 125% to 10%.

This development has positively impacted global markets. U.S. stock futures rose, with S&P 500 futures increasing by 2.8%, and the U.S. dollar strengthened by 0.7%. In contrast, gold prices fell by 2.3%, indicating a shift in investor sentiment towards riskier assets.