#TradeWarEases Tariff Cuts: The U.S. will reduce tariffs on Chinese goods from 145% to 30%, while China will cut tariffs on U.S. goods from 125% to 10%. (Financial Times)

New Dialogue Mechanism: Both countries will create an economic dialogue platform to support cooperation and tackle structural issues. (Reuters)

Market Response: Markets reacted positively—S&P 500 futures rose 2.8%, the dollar gained 0.7%, and gold prices fell 2.3%. (Financial Times)