#USChinaTradeTalks
🇺🇸🇨🇳 #USChinaTradeTalks
Here’s a fresh update on the latest developments from the U.S.–China trade negotiations:
🕊️ Major Agreements & a Temporary Truce
📅 May 12 – Geneva Truce
Both countries agreed to a 90-day ceasefire on tariffs. Key changes include:
🔽 The U.S. reduced its average tariffs on Chinese goods from ~145% ➡️ ~30%
🔽 China cut its tariffs from ~125% ➡️ ~10%, excluding specific sectors and fentanyl-related items.
💥 This "total reset" sparked a short-term rally in global markets 📈, boosting investor confidence