#NewsTrade U.S. and China Agree to 90-Day Tariff Truce

In a major step toward easing global trade tensions, the United States and China have agreed to a 90-day truce in their ongoing trade dispute. Starting May 14, the U.S. will reduce tariffs on Chinese goods from 145% to 30%, while China will lower tariffs on American imports from 125% to 10%. The temporary agreement aims to pave the way for continued negotiations toward a long-term resolution. Markets reacted positively, with the Dow and Nasdaq seeing strong gains. However, tariffs on key sectors like automobiles, steel, and pharmaceuticals remain in place, signaling complex negotiations ahead.