#TradeWarEases The U.S. and China have reached a significant 90-day agreement to reduce tariffs, signaling a potential de-escalation in their ongoing trade tensions. This development has positively impacted global markets and investor sentiment.
š Tariff Reductions
United States: Tariffs on Chinese goods have been reduced from 145% to 30%.
China: Tariffs on U.S. imports have been lowered from 125% to 10%.
Exceptions: Certain tariffs, such as a 25% levy on steel, aluminum, and automobiles, remain in place. Additionally, a 20% tariff related to fentanyl smuggling concerns continues to be enforced.
š Market Reactions
The announcement has led to a surge in global markets:
U.S. Stock Indices: