U.S. and China Announce Temporary Tariff Reductions in Major Trade Policy Shift**
Key Developments:
• **U.S. Action:** Tariffs on Chinese goods reduced from **145% to 30%** (90-day temporary measure)
• **Chinese Response:** Reciprocal cut on U.S. goods from **125% to 10%** (same duration)
Market Implications:
✅ **Global Trade Boost:** Eases supply chain pressures across industries
✅ **Crypto Impact:** Potential liquidity influx as trade tensions ease
✅ **Equities Reaction:** Watch for rallies in export-heavy sectors
**Effective Immediately** – This provisional agreement marks a significant de-escalation in ongoing trade tensions between the world's two largest economies.