#TradeWarEases

US and China have agreed to ease trade tensions, with a 90-day suspension and substantial reduction of tariffs. The US will lower tariffs on Chinese goods from 145% to 30%, while China will decrease tariffs on US products from 125% to 10%. Officials from both nations cite constructive talks and a new economic dialogue. This temporary easing of trade restrictions, previously crippling a $660 billion trade relationship, offers relief to markets and businesses but remains subject to further negotiations. The move is seen as potentially reducing global recession risks and inflationary pressures.