#TradeWarEases
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.