#TradeWarEases

The US and China have agreed to a 90-day tariff truce, easing their long-running trade war. Here's what's happening:

- *Tariff Cuts*: The US will reduce tariffs from 145% to 30% on Chinese goods, while China will lower tariffs from 125% to 10% on American imports.

- *Market Reaction*: S&P 500 Futures jumped 2.8%, and the US Dollar rose 0.7%. Gold prices dropped 2.3% due to improved risk sentiment.

- *Impact on Tech Sector*: Apple faces a significant tariff loss and is shifting production to India and Vietnam. Smartphone and laptop prices may rise due to remaining tariffs.

- *Global Market Impact*: The deal has boosted risk sentiment, with equities surging and commodities like oil rising over 2%. Cryptocurrencies are also seeing gains, with memecoins like Dogwifhat and $FLOKI I posting double-digit rallies ¹ ².