#TradeWarEases

Trade tensions indicate an easing of trade tensions and restrictions between countries. Currently, there appear to be some talks between the United States and China aimed at de-escalating the situation, but expectations for a major breakthrough remain low. Meanwhile, the United States and the United Kingdom have reached a trade agreement that eases recession fears. However, imposed US tariffs continue to put financial pressure on small businesses and lead to high unemployment rates in some countries, such as Canada. Overall, any real easing of the trade war could reduce pressure on the global economy and improve supply chains.