#TradeWarEases Trade War Eases: U.S.-China Tariff Truce Sparks Hope

The U.S. and China have agreed to a 90-day tariff reduction, easing the trade war that’s rattled global markets. U.S. duties on Chinese goods drop from 145% to 30%, while China cuts tariffs on American products from 125% to 10%, effective Wednesday. The deal, announced after Geneva talks led by Treasury Secretary Scott Bessent and Vice Premier He Lifeng, aims to avert a global recession. Stock markets in Asia rallied, but analysts warn this is no full resolution—core issues like intellectual property and market access persist. With both economies feeling the strain, including China’s deflation crisis and U.S. consumer confidence dips, this truce sets the stage for further negotiations, potentially between Trump and Xi.