#TradeWarEases NPC - Processing Centre

Hey Noobies we're back with News: 📰📰📰

🚨 BREAKING: U.S. & China Agree to 90-Day Tariff Truce—Markets Surge 🚨

After two days of🤼high-level talks in Geneva, the U.S. and China have reached a significant agreement to de-escalate their trade war. Both nations will reduce tariffs for a 90-day period.

🇺🇸: Tariffs on Chinese goods lowered from 145% to 30%📉including a 20% levy related to the fentanyl crisis.

🇨🇳: Tariffs on U.S. goods reduced from 125% to 10%.📉

This mutual reduction aims to ease economic tensions and foster more balanced trade relations.

The joint🤝statement emphasizes a commitment to avoid economic decoupling and to pursue long-term cooperation. Both sides have agreed to continue negotiations towards a permanent resolution, with the next round of talks expected in the coming weeks.

Market Impact:📊

Global markets responded positively to the announcement:

. Dow Jones: Surged over 2%📈

. Tech Stocks: Rallied significantly💹

. Asian Markets: Hong Kong's Hang Seng index rose over 3%⏫

.Commodities: Oil🛢️and iron🏗️ore prices increased; gold prices💰fell as safe-haven demand decreased.

While this truce😊is a promising step towards resolving trade tensions, analysts caution that it's a temporary measure. The next 90 days will be crucial in determining whether a lasting agreement can be achieved.