#TradeWarEases The Trade War Between the U.S. and China Eases After a Major Agreement

The U.S. and China have agreed to a 90-day tariff ceasefire to alleviate their prolonged trade war.

Key Aspects:

The U.S. reduces tariffs from 45% to 30% on Chinese products.

China reduces tariffs from 25% to 10% on American imports.

The agreement was reached in talks in Geneva led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.

Impact on Global Markets:

S&P 500 futures rose by 2.8%

The U.S. dollar increased by 0.7%

Gold prices fell by 2.3%

Technology Sector Impacted:

Apple faces a tariff loss of $1.4B and is shifting production to India and Vietnam.

Prices for smartphones and laptops may increase by 31% and 34% respectively.

What's Next?

This temporary agreement signals a step towards a permanent resolution, with more negotiations expected soon.