$BTC The US-China trade war has shown signs of easing with recent developments¹ ²:

- *Tariff Talks*: High-stakes negotiations between US and Chinese officials commenced in Geneva, aiming to de-escalate the trade war. US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng to discuss reducing tariffs.

- *Temporary Agreement*: A temporary agreement has been reached, slashing tariffs on each other's goods for 90 days. China will maintain 10% tariffs on US goods, while the US will impose a 30% tax on Chinese goods.

- *Market Reaction*: The temporary agreement has boosted investor optimism, with Indian stock markets surging due to the easing tensions. The Sensex closed at 82,429.90 points, up 3.74%, and the Nifty rose to 24,924.70 points, up 3.82%.

- *Future Prospects*: While the agreement marks a positive step, expectations for a breakthrough remain low. Both sides are under pressure to scale back tit-for-tat levies, with China refusing to lower tariffs unless the US moves first.

The trade war's impact has been significant, with bilateral trade between the US and China standing at $660 billion last year. The agreement's success will depend on the parties' willingness to negotiate and find mutually beneficial terms.