#TariffsPause

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

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

President Trump has reaffirmed his tough 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 exempting some imported goods from the US from the extremely high 125% tariffs, a move that is believed to be aimed at reducing pressure from the domestic business community.