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

In the context where US-China trade tensions seemed to be escalating again, the global financial market unexpectedly received positive signals.

President Trump has reaffirmed his hardline stance: he will not lower taxes on Chinese goods unless he receives "beneficial concessions for the United States." However, what is noteworthy is that China is taking a softer approach. According to Reuters, Beijing is exempting certain imported items from the US from the exorbitant 125% tariffs, a move seen as an effort to alleviate pressure from the domestic business community.

The Chinese Ministry of Commerce has even...