$BTC The trade war between the US and China is finally showing signs of easing. In a significant breakthrough, the two nations have agreed to reduce tariffs on each other's goods for an initial 90-day period. The US will decrease its tariffs on Chinese imports from 145% to 30%, while China will cut its tariffs on American products from 125% to 10%.

This temporary truce is a welcome relief for the global economy, which has been reeling under the pressure of the trade war. The agreement is expected to boost trade flows, ease pressure on port operations, and reduce costs for importers.

The news has sent shockwaves of optimism through the markets, with Dow futures rising over 2%, S&P 500 futures up nearly 3%, and Hong Kong's Hang Seng index gaining more than 3%.

While this is a positive development, it's essential to note that the trade war is far from over. The 90-day timeframe introduces uncertainty, and businesses need long-term clarity to adjust their sourcing and inventory strategies.