$BTC The United States and China have reached a significant agreement to de-escalate their ongoing trade war by substantially reducing tariffs over the next 90 days. Following high-level talks in Geneva, the U.S. will lower tariffs on Chinese goods from 145% to 30%, while China will reduce its tariffs on U.S. imports from 125% to 10%.

This development has positively impacted global markets. U.S. stock futures rose, with the S&P 500 futures up 2.8%, and the U.S. dollar strengthened by 0.7%. Conversely, gold prices retreated by 2.3%, indicating a shift in investor sentiment towards riskier assets.

The agreement also includes the establishment of a new trade consultation mechanism to guide future negotiations. While tariffs related to fentanyl remain in place, both nations have expressed a commitment to continued dialogue and balanced trade relations.

President Trump described the talks as a "total reset" conducted in