A significant truce in the trade war between the United States and China has been announced following a successful round of negotiations held in Geneva. Here are the highlights of the agreement:

Reduction of tariffs for 90 days:

The United States will reduce tariffs on Chinese goods from 145% to 30%.

China will reduce tariffs on American goods from 125% to 10%.

The aim of this step is to provide a time opportunity for deeper and more comprehensive negotiations.

Exemption of certain issues:

Tariffs related to fentanyl (a dangerous narcotic) were not included in this agreement and are still being negotiated separately.

Market reaction:

Global markets responded positively:

U.S. stock indices, such as the S&P 500 and Nasdaq, rose.

The U.S. dollar strengthened, as did the yields on U.S. Treasury bonds.

Some analysts expressed conditional optimism, considering the agreement surprising and positive but temporary.

Analysts' stance:

Some see this agreement as a real opportunity to repair the trade relationship, while others warn that it is just a temporary truce, and tensions could return later if a final agreement is not reached.

This truce gives both parties 90 days to try to resolve major trade disputes, but challenges remain, and the outcomes depend on what happens during this period.