#TradeWarEases

90 days, indicating a decrease in the intensity of the trade war between them. The two countries agreed in a joint statement to reduce the three-digit tariffs to two digits, while negotiations continue.

The Chinese side welcomed this progress and described it as "in the interest of both countries and the common interest of the world," expressing hope that Washington would continue to work with Beijing "to correct the wrong practice of unilateral tariff increases."

This announcement comes after months of escalating tensions that raised concerns about slowing global economic growth and renewed inflation. Financial markets are closely monitoring developments.