#TradeWarEases Overview of the US-China Trade Agreement

Significant Tariff Reductions: The United States agrees to reduce tariffs on Chinese goods from 145% to 30% within the next 90 days; China commits to lowering tariffs on US goods from 125% to 10%. Financial Times

Establishment of Economic Dialogue Mechanism: Both sides agree to set up a new economic dialogue platform to promote long-term cooperation and address structural issues. Reuters

Positive Market Reaction: Following the news of the agreement, global markets perform positively. S&P 500 futures rose by 2.8%, the dollar exchange rate increased by 0.7%, and gold prices fell by 2.3%.