#TradeWarEases

Summary of the US-China Trade Agreement

Major Tariff Reductions: The U.S. will cut tariffs on Chinese imports from 145% to 30% over the next 90 days, while China will lower tariffs on U.S. goods from 125% to 10%. (Source: Financial Times)

Launch of Economic Dialogue Framework: Both countries will establish a new platform for economic dialogue aimed at fostering long-term collaboration and tackling structural economic challenges. (Source: Reuters)

Positive Global Market Response: The announcement of the deal triggered strong market gains—S&P 500 futures rose 2.8%, the U.S. dollar appreciated by 0.7%, and gold prices dropped 2.3%. (Source: Financial Times)

Context: Prior to this agreement, the United States...