#TradeWarEases

In an important development on the global trade relations front:

* The United States and China announced a temporary agreement to reduce mutual tariffs for 90 days.

* This agreement aims to ease trade tensions between the two countries.

Details of the agreement:

* United States:

* Reduced tariffs on Chinese imports from 145% to 30%.

* China:

* Reduced tariffs on American products from 125% to 10%.

Additional information about the agreement:

* This agreement came after high-level talks held in Geneva.

* It aims to provide an opportunity for further trade negotiations between the two countries.

Market reactions:

* Financial markets:

* Experienced a notable rise.

* Futures for the S&P 500 index rose by 2.8%.

* Gold:

* Prices fell by more than 2%.

* This is attributed to a shift in investors towards higher-risk assets.

* Cryptocurrencies:

* Recorded increases.

* The price of Bitcoin exceeded $100,000.

* Ethereum rose by 13.9%.