#TradeWarEases

Historic Trade Truce Between America and China... Is It the Beginning of the End?

Finally, after months of tension and uncertainty, the United States and China have agreed to a 90-day trade truce aimed at breaking the stalemate and providing an opportunity for a comprehensive agreement.

Details of the agreement:

America reduces tariffs on Chinese goods from 145% to 30%.

China reduces retaliatory tariffs on American exports from 125% to 10%.

The agreement came after intensive negotiations in Geneva, described by the delegations as "frank and constructive," amidst cautious welcome from markets and businesses.