#TradeWarEases

#TradeWarEases 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 key 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 frame 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:

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

The U.S. dollar strengthened, as did yields on U.S. Treasury bonds.

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