#TradeWarEases The US and China have agreed to a 90-day truce on punitive trade tariffs, significantly easing tensions between the two economic giants. Here's what this means ¹:

- *Tariff Reduction*: The US will slash tariffs on Chinese goods from 145% to 30%, while China will reduce its retaliatory duties on American exports from 125% to 10%.

- *Trade Negotiations*: Regular trade talks will be hosted alternately in the US, China, or neutral countries to work towards more balanced trade.

- *Market Reaction*: Global markets have welcomed the news, with the dollar strengthening, gold prices dropping 3% to $3,228.95 per troy ounce, and European markets rising, such as Germany's DAX and France's CAC 40.

*Impact on Markets:*

- *Risk-On Sentiment*: The agreement has boosted investor confidence, driving US equities up and safe-haven assets like gold down.

- *Currency Fluctuations*: The yuan has climbed to a six-month high against the dollar, while the dollar index has risen.

- *Cryptocurrency*: The news has also positively impacted cryptocurrencies, with some coins like Dogwifhat, Book of Meme, and FLO