#TradeWarEases :

The United States will reduce tariffs on Chinese goods from 145% to 30%.

China will reduce tariffs on American goods from 125% to 10%.

The goal of this move is to provide a time opportunity for deeper and more comprehensive negotiations.

Exceptions to certain issues:

Tariffs related to fentanyl (a dangerous narcotic) were not included in this agreement and are still being negotiated separately.

Market Reaction:

Global markets reacted positively:

American stock indices, such as S&P 500 and Nasdaq, rose.