#TradeWarEases Summary of the US-China Trade Deal

The United States has announced a phased reduction of tariffs on Chinese imports, lowering them from one hundred forty-five percent to thirty percent over the next ninety days. In response, China will cut its tariffs on American goods from one hundred twenty-five percent to ten percent.

To strengthen long-term cooperation and address underlying economic challenges, both nations have agreed to launch a new economic dialogue platform.

Following the announcement, financial markets responded positively—S&P 500 futures rose by two point eight percent, the US dollar gained zero point seven percent, and gold prices fell by two point three percent.

Prior to this deal, the US had imposed tariffs of up to one hundred forty-five percent on Chinese goods in early twenty twenty-five, prompting China to retaliate with its own one hundred twenty-five percent tariffs, escalating trade tensions.