🚨🗿US–China Trade War: New Tariff Truce Ignites Market Optimism🔥🚀
In a major development, the US and China have agreed to a 90-day tariff reduction, slashing import duties—US tariffs drop from 145% to 30%, while China cuts from 125% to 10%. The move has fuelled investor confidence, lifting global equities and strengthening the dollar as gold retreats. This temporary pause in tensions, rooted in a trade war that began in 2018, is seen as a relief against inflation and recession fears. While key tariffs remain, the gesture hints at possible future negotiations. Markets now watch for lasting resolution amid ongoing geopolitical rivalry.
