The US-China trade war has eased as both countries agreed to slash tariffs on each other's goods for 90 days. Here's a breakdown of the deal ¹:

- *US Tariffs on Chinese Imports*: Cut to 30% from 145%

- *Chinese Levies on US Imports*: Cut to 10% from 125%

- *Next Steps*: Both countries will continue discussions on economic and trade relations, potentially leading to a long-term agreement

This development has positively impacted markets, with:

- *Oil Prices*: Rising about 4% after the announcement

- *US Dollar and Chinese Yuan*: Both currencies valued up against the euro and Japanese yen

The agreement marks a significant step toward reducing trade tensions between the two economies. However, expectations for a breakthrough were initially low, and analysts view this as a small but critical step toward de-escalation #TradeWarEases