#TradeWarEases

The trade war calms down

The United States and China have agreed to a significant de-escalation of their trade war following high-level negotiations in Geneva. Here are the key points:

Reduction of tariffs for 90 days:

The United States will reduce tariffs on Chinese products from 145% to 30%.

China will reduce its tariffs on American products from 125% to 10%.

Objective: This 90-day period aims to give both parties more time to reach a more comprehensive trade agreement.

Exceptions: Tariffs related to fentanyl remain in place, as they are subject to separate discussions.

Market Reaction:

Global stock markets reacted positively.

The automotive and mining sectors in Europe and Asia recorded gains.

The US dollar strengthened.

Reactions:

Some analysts are optimistic and see this agreement as an opportunity to stabilize the global economy.

Others remain cautious and remind that deep disagreements have not yet been resolved.

Statement from Donald Trump: The former president described the talks as a "new beginning" and emphasized the importance of fairness in trade relations.