#TradeWarEases A significant de-escalation in the trade war between the United States and China was announced after a successful round of negotiations in Geneva. Here are the highlights of the agreement: 90-day tariff reduction: The United States will reduce tariffs on Chinese goods from 145% to 30%. China will reduce tariffs on American goods from 125% to 10%. This step is intended to provide time for deeper and comprehensive negotiations. Some exceptions: Fentanyl-related tariffs (a dangerous narcotic) were not included in this agreement and are still being negotiated separately. Market reaction: Global markets responded positively: US stock indices, such as the S&P 500 and Nasdaq, rose. The US dollar rose, as did US Treasury yields. Some analysts expressed qualified optimism, considering the agreement surprising and positive, but temporary. Analysts' position: Some see this agreement as a real opportunity to repair the trade relationship, while others are cautious.