#TradeWarEases

#TradeWarEases A significant ceasefire in the trade war between the United States and China has been announced following a successful round of negotiations held in Geneva. Here are the main points of the agreement:

Reduction of tariffs for 90 days:

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

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

The goal of this step is to provide a time opportunity for deeper and more comprehensive negotiations.

Exclusion 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 reacted positively:

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

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

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

Analysts' positions:

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

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