#TariffsPause

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

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

President Trump has reaffirmed his tough stance: he will not reduce taxes on Chinese goods unless he receives 'concessions beneficial to the US'. However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting some imported goods from the US from the exorbitant 125% tariff, a move believed to reduce pressure from the domestic business community.