#TradeWarEases The trade war between the US and China seems to be easing: the parties have agreed on a temporary reduction of tariffs for 90 days. The US is cutting tariffs on Chinese goods from 145% to 30%, while China is reducing tariffs on American products from 125% to 10%. Negotiations in Geneva, which Trump called 'very good', were the first step towards de-escalation. This decision has caused optimism in the markets: shares of tech giants like Amazon and Apple have risen, and US indices showed steady growth. However, experts warn that this is just a pause, and dozens of rounds of negotiations will be required for a full settlement. China seeks to save face, relying on Mao's 'prolonged war' strategy, and has already redirected part of its exports through Southeast Asia. The US, in turn, wants 'fair trade' but maintains high tariffs. Both sides are seeking a balance to avoid recession and stabilize the global economy.
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