#TradeWarEases The United States and China have reached an important agreement to ease the ongoing trade war by substantially reducing tariffs over the next 90 days. Following high-level talks in Geneva, the US will reduce tariffs on Chinese goods from 145% to 30%, while China will cut its tariffs on US imports from 125% to 10%.

This development has positively impacted global markets. US futures rose, with S&P 500 futures up 2.8%, and the US dollar strengthened by 0.7%. Conversely, gold prices fell by 2.3%, indicating a shift in investor sentiment toward riskier assets.

The agreement also includes the establishment of a new trade consultation mechanism to guide future negotiations. Although tariffs related to fentanyl remain in place, both countries have expressed a commitment to continue dialogue and maintain a balanced trade relationship.