Overview of the US-China Trade Agreement: Significant Tariff Reductions - The United States has agreed to reduce tariffs on Chinese goods from 145% to 30% within the next 90 days. China has pledged to reduce tariffs on American goods from 125% to 10%. Financial Times Business Discussion - Both sides have agreed to enhance long-term cooperation and address structural issues. Reuters Positive Market Reaction - Following the news of the agreement, global markets reacted positively. The S&P 500 futures rose by 2.8%, the dollar exchange rate increased by 0.7%, and gold prices fell by 2.3%.