#TradeWarEases

US-China Trade Agreement Content....

Main Customs Duty Reductions:

As a significant step, the US has agreed to reduce customs duties on Chinese goods from 145% to 30% over the next 90 days. In return, China will reduce customs duties on US goods from 125% to only 10%. (Source: Financial Times)

2. New Economic Dialogue Platform:

Both countries will establish a new economic dialogue mechanism to promote long-term cooperation and address fundamental structural issues in trade relations. (Source: Reuters)

3. Positive Market Reaction:

Global financial markets reacted positively to this news. S&P 500 yields increased by 2.8%, the US dollar strengthened by 0.7%, and gold prices decreased by 2.3%. (Source: Financial Times)