A major ceasefire in the trade war between the United States and China has been announced after a successful round of negotiations held in Geneva. Here are the highlights of the agreement:

Reduction of tariffs for 90 days:

The United States will reduce tariffs on Chinese goods from 145% to 30%.

China will lower tariffs on American goods from 125% to 10%.

The aim of this step is to provide a time window for deeper and comprehensive negotiations.

Exemption of certain issues:

Tariffs related to fentanyl (a dangerous narcotic) were not included in this agreement and are still being negotiated separately.

Market reaction:

Global markets responded positively:

American stock indices, such as S&P 500 and Nasdaq, rose.

The US dollar increased, as did yields on US Treasury bonds.

Some analysts expressed conditional optimism, considering the agreement surprising and positive but temporary.

Analysts' stance:

Some see this agreement as a real opportunity to mend the trade relationship, while others warn that it is merely a temporary truce, and tensions may return later if a final agreement is not reached.

This ceasefire gives both parties 90 days to try to resolve major trade disputes, but challenges remain, and the outcomes depend on what happens during this period.