#TradeWarEases The U.S. and China have agreed to a 90-day truce in their trade war, significantly reducing tariffs to reopen negotiations. The U.S. will reduce its tariff on Chinese goods from 145% to 30%, while China will lower its tariffs on U.S. goods from 125% to 10% .
This agreement, seen as a substantial de-escalation, aims to prevent a total trade blockade and foster balanced trade between the world’s two largest economies. Markets responded positively, with stock indices and oil prices climbing. Despite these developments, analysts caution that high tariffs remain and the long-term outcome of the talks is uncertain.
China's Commerce Ministry emphasizes the need for ending unilateral U.S. tariff hikes and expressed hope for enhanced global economic stability. Future meetings are planned to continue discussions, but experts warn that persistent tariff barriers could still constrain global trade and investment .
While this truce offers temporary relief, the path to a comprehensive resolution remains uncertain. The coming weeks will be critical in determining whether this pause leads to lasting change or merely delays further economic strain.