#NewsTrade #TradeWarEasesYes #Tradewareases Major Breakthrough in US China Trade Relations

In a pivotal development that has energized global markets the United States and China have reached a landmark trade agreement aimed at deescalating the intense tariff war that has gripped both economies since early 2025

Significant Tariff Reductions Agreed

As part of the agreement the United States will slash tariffs on Chinese imports from a steep 145 percent down to 30 percent over the next 90 days In a reciprocal move China has pledged to reduce its tariffs on US goods from 125 percent to just 10 percent These reductions mark a dramatic shift in policy and signal a renewed willingness to engage in constructive trade relations

Source Financial Times

New Economic Dialogue Platform Launched

Beyond tariffs both sides have agreed to establish a formal Economic Dialogue Mechanism This platform aims to foster longterm cooperation improve transparency and tackle structural issues that have historically caused friction Analysts see this as a foundational step toward a more stable and predictable trade environment

Source Reuters