#TariffsPause Short-term financial market: Positive signals from US-China tensions

In the context of escalating US-China trade tensions, the global financial market unexpectedly received positive signals.

President Trump has reaffirmed his tough stance: he will not reduce tariffs on Chinese goods without receiving 'concessions beneficial to the United States.' However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting certain imported goods from the US from the exorbitant 125% tariff, a move believed to alleviate pressure from the domestic business community.