#TradeWarEases US and China have agreed to a 90-day tariff reduction, signaling a temporary ease in their trade war. Following negotiations in Geneva, both nations will reduce tariffs by 115 percentage points. This reciprocal move will see tariffs drop from 125% to 10% for both sides over the next three months. US Treasury Secretary Scott Bessent noted the constructive nature of the talks and a shared interest in balanced trade. While a positive step, the additional 20% US tariff on fentanyl-related goods remains separate. This development has been welcomed by markets, with gold prices notably declining as investors shift towards riskier assets.
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