🇺🇲🇨🇳US and China Agree to Cut Tariffs: Positive Signal for the Global Economy 📈

After months of trade tensions that triggered market volatility and inflationary pressures, the United States and China have finally reached an important agreement: "Significant tariff cuts over the next 90 days".

In a meeting in Geneva, the US agreed to lower tariffs on imported goods from China from 145% to 30%, while China reduced tariffs on US products from 125% to 10%. This step was taken as an effort to de-escalate the long-standing trade conflict that has had a widespread impact on the global supply chain and consumer prices.

Markets responded positively: S&P 500 futures rose by 2.8%, the US dollar strengthened by 0.7%, and gold prices fell by 2.3%. Meanwhile, major stock indices in Asia, such as Nikkei and Hang Seng, also recorded significant increases. On the other hand, the crypto market tended to respond quite positively, with $BTC and various other crypto assets observed to have risen in the recent period.

Although this agreement is temporary, it represents an important first step toward normalizing trade relations between the world's two largest economies. However, it is important to note that tariffs related to sensitive issues, such as fentanyl, remain in place.

Anyway, this is a momentum worth paying attention to, especially for sectors directly affected by previous tariff policies. Market participants and investors should remain vigilant and monitor the progress of further negotiations between the two countries.

📌 Disclaimer: Not Promotion & Not Financial Advice