#TradeWarEases The US-China trade war has eased with a landmark trade deal announced on May 12, 2025. Here's what's changing¹:

- *Tariff Reduction*: The US will cut tariffs on Chinese imports to 30% from 145%, while China will reduce levies on US imports to 10% from 125%. This 90-day agreement aims to promote trade between the two nations.

- *Joint Statement*: Both countries recognize the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship. They've agreed to establish a mechanism for continued discussions on economic and trade relations.

- *Currency Impact*: The US dollar and Chinese yuan have risen significantly against the euro and Japanese yen following the trade deal announcement