#CHINA AND #US
🚨 Big News: The United States and China Reach Historic Trade Deal, Shaking Global Markets
Key Highlights:
Major Breakthrough: The U.S. Treasury Secretary announced a deal with China aimed at sharply reducing the $295 billion trade deficit between the two countries.
Tariff Relief: The agreement could lower tariffs by up to 145%, offering hope amid rising trade tensions.
Improved Relations: The U.S. President called it a "complete reset" in trade ties, saying talks have made major progress.
Details Coming Soon: Full details of the deal will be released on May 12, 2025, and are expected to impact the global economy.
Market Impact: Experts believe this could ease supply chain issues and reduce the chance of a global recession.
Cautious Optimism: While the news is promising, many analysts remain skeptical due to lingering distrust.
Mediation Role: Switzerland helped mediate the deal, which involved top-level Chinese officials. More information is expected Monday.