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

In the context of what seemed like a resurgence of US-China trade tensions, the global financial market unexpectedly received positive signals.

President Trump has reaffirmed his hardline stance: he will not reduce tariffs on Chinese goods unless he receives 'favorable concessions for America.' However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is waiving tariffs on certain imported goods from the US from the exorbitant 125% tariff, a move believed to be aimed at alleviating pressure from the domestic business community.