#TradeWarEases

U.S.-China Trade War Eases After Major Deal

The U.S. and China have agreed to a 90-day tariff truce to ease their long-running trade war.

Key Highlights:

U.S. cuts tariffs from 45% to 30% on Chinese goods.

China reduces tariffs from 25% to 10% on American imports.

The deal was reached in Geneva talks led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.

(Source: Financial Times)

Impact on Global Markets:

S&P 500 Futures jumped 2.8%

U.S. Dollar rose 0.7%

Gold prices dropped 2.3%

Tech Sector Hit:

Apple faces a $1.4B tariff loss and is shifting production to India and Vietnam.

Smartphone and laptop prices may rise by 31% and 34% respectively.

(Source: The Australian)

What’s Next?

This temporary deal signals a step toward a permanent resolution, with further negotiations expected soon.