Where has the trade conflict between the US and China reached?
The White House announced that President Trump signed an executive order to reduce or eliminate tariffs on China, based on the Geneva talks. This move comes as part of efforts to ease trade tensions between the two countries. Financial markets anticipated these developments, and Wall Street futures rose, while the dollar strengthened against other safe-haven currencies.
The reality of these developments bolstered hopes of avoiding a global recession that was expected if the situation continued as it was.