#TradeWarEases
The recent easing of trade tensions between the US and China marks a significant de-escalation in their trade war. Following talks in Geneva, both nations agreed to a 90-day truce, rolling back most of the recent tariffs. The US will reduce its tariff rate on Chinese goods from 145% to 30%, while China will lower its tariffs on US goods from 125% to 10%.
This move has been welcomed by global markets, with stock prices surging. The agreement aims to provide a window for further negotiations to resolve underlying trade disputes. While economists caution that tariffs remain higher than before, this step back from near-embargo levels is seen as a positive development, potentially easing pressure on businesses and consumers and injecting more stability into the global economy. The long-term impact hinges on the success of the upcoming talks
