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

In the context of what seems to be 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 'concessions beneficial to America.' However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting certain imported items from the US from the staggering 125% tariff, a move believed to alleviate pressure from the domestic business community.