#TradeWarEases Good news for the global economy

After two intense days of negotiations in Geneva, the United States and China have reached a preliminary trade agreement that promises to ease the tensions that have marked recent years. Although the details have not yet been made public, representatives from both countries have described the discussions as “productive” and “a substantial step forward.”

The agreement could mean a reduction in tariffs imposed during the trade war, which had reached levels of 145% on some products. This sign of détente has been well received by the markets: U.S. stock futures rose and the dollar strengthened against the yen and the Swiss franc.

This possible thaw between the two largest economies in the world brings hopes of greater global trade stability. Both nations are expected to issue a joint statement in the coming days. The international community celebrates this positive turn in economic relations.