#TradeWarEases – The US and China have just reached an agreement to reduce tariffs over 90 days, marking a significant step in easing trade tensions. The US reduced tariffs from 145% to 30%, and China reduced from 125% to 10%.
Global markets reacted positively: Dow Jones increased by more than 1,100 points, S&P 500 and Nasdaq surged.
However, this is only a temporary step – core issues still need to be addressed in the next rounds of negotiations.
#USChinaTrade #TariffTruce #GlobalMarkets