#TradeWarEases
Global Markets React to U.S.-China Breakthrough
After two intense days of talks in Geneva, Washington and Beijing announce a significant tariff reduction for 90 days. U.S. tariffs on Chinese goods drop from 145% to 30%, while China's fall from 125% to 10%.
Markets responded instantly: the Dow Jones surged 1,160 points, the S&P 500 rose 3.3%, and the Nasdaq jumped 4.3%.
Both sides also agreed on a new economic and trade consultation mechanism to prevent future tensions and promote ongoing dialogue.
Do you think this 90-day pause could lead to a long-term trade deal?
What impact will it have on crypto and global policy?