#TradeWarEases The United States and China have agreed to a significant de-escalation in their ongoing trade war by mutually reducing tariffs for a 90-day period. Following high-level negotiations held in Geneva, the U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce its tariffs on American goods from 125% to 10%.
This agreement marks a substantial shift from the previously imposed punitive tariffs and is seen as a step toward resolving long-standing economic tensions between the two nations. Both sides have expressed a commitment to balanced trade and continued dialogue, emphasizing that neither wishes a full economic decoupling.
The announcement has positively impacted global markets, with gains observed