The USA and China have agreed to a 90-day truce in the trade war. Both sides have reduced mutual tariffs: the USA from 145% to 30%, China from 125% to 10%. Additionally, China will eliminate some non-tariff barriers. The negotiations took place in Geneva with the participation of US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. The agreement is aimed at stabilizing the global economy and paving the way for new negotiations on reforms. Markets reacted positively: stocks rose, the dollar strengthened, and gold prices fell. The agreement also includes cooperation in combating fentanyl.
