📊 Trade War Eases: Markets Rally as US-China Tariff Truce Boosts Investor Confidence 📊
Global markets are experiencing a significant upswing following a 90-day suspension of tariff hikes agreed upon by the United States and China.
Key Developments:
• Tariff Reductions: The US has agreed to lower tariffs on Chinese imports from 145% to 30%, while China will reduce its tariffs on US goods from 125% to 10%.
• Market Reactions:
• The S&P 500 futures rose by 2.7%.
• The Dow Jones futures increased by 2%.