A significant ceasefire in the trade war between the United States and China has been announced following a successful round of negotiations held in Geneva. Here are the main points from the agreement:

Reduction of tariffs for 90 days:

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

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

The aim of this step is to provide a time window for deeper and more comprehensive negotiations.

Exemption of certain issues:

Tariffs related to fentanyl (a dangerous narcotic) were not included in this agreement and are still being negotiated separately.

Market reaction:

Global markets responded positively:

American stock indices, such as the S&P 500 and Nasdaq, rose.

The US dollar strengthened, as did yields on US Treasury bonds.

Some analysts expressed conditional optimism, considering the agreement surprising and positive but temporary.

Analysts' stance:

Some believe this agreement is a real opportunity to repair trade relations, while others warn that it is just a temporary truce, and tensions may return later if a final agreement is not reached.

This ceasefire gives both parties 90 days to try to resolve major trade disputes, but challenges remain, and the outcomes depend on what happens during this period.