๐๐ US-China Trade Agreement: Key Insights ๐๐
The U.S. will lower tariffs on Chinese goods from 145% to 30% over 90 days, while China will reduce tariffs on U.S. goods from 125% to 10%.
The U.S. and China will create a new economic dialogue mechanism to promote long-term cooperation and resolve structural trade issues.
Global markets responded favorably, with S&P 500 futures up 2.8%, the U.S. dollar gaining 0.7%, and gold prices dropping 2.3%.
In 2025, U.S. tariffs on Chinese imports hit 145%, prompting China to impose 125% tariffs on U.S. goods; this agreement signals a de-escalation of trade tensions.
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