#USChinaTradeTalks The USA and China have led to significant development, with the two countries agreeing to reduce tariffs and ease trade tensions. Here are the key results¹ ² ³:
- *Tariff Reductions*: The USA will reduce tariffs on Chinese goods from 145% to 30% as part of a 90-day pause in trade discussions.
- *Elimination of Retaliatory Tariffs*: China will eliminate tariffs imposed from April 4, 2025, and will suspend or eliminate non-tariff countermeasures taken against the USA.
- *Market Reaction*: The agreement boosted stocks, with the S&P 500 reaching its highest level since March 5.
- *Trade Ceasefire*: The agreement aims to ease trade tensions and promote