#TradeWarEases
In a positive development, the United States and China have shown signs of easing the trade war between them, raising optimism in global markets. The agreement to reduce some tariffs and increase import quotas reflects both parties' desire to avoid escalation that could inflict greater losses on their economies.
Experts point out that this step could positively impact global supply chains and curb rising prices, especially in technology and agriculture sectors. However, caution remains the order of the day due to unresolved fundamental disputes, such as intellectual property issues and government support for Chinese companies.
Financial markets responded with relief, as Asian and American stock indices rose, while the value of the dollar slightly declined against safe-haven currencies. Emerging economies, which are most affected by the trade war, could be the biggest beneficiaries if these trends continue.