#TradeWarEases States and China have reached a significant agreement to ease their ongoing trade war. Following high-level talks in Geneva, both nations have committed to a 90-day pause on implementing new tariffs and have agreed to reduce existing tariffs substantially.Reuters+1Reuters+1Daily Sabah+7AJU PRESS+7Reuters+7

Key Details of the Agreement:

Tariff Reductions: The U.S. will lower its tariffs on Chinese imports from 145% to 30%, while China will reduce its tariffs on American goods to 10% .AJU PRESS

Temporary Suspension: Both countries have agreed to a 90-day halt on imposing new tariffs, providing a window for further negotiations .

Market Reaction: The announcement has positively impacted global markets, with the U.S. dollar strengthening and stock futures rising .Reuters

Future Dialogues: The agreement includes plans to initiate a new economic dialogue forum to address ongoing trade issues and other bilateral concerns .Reuters

This development marks a significant step towards de-escalating trade tensions between the two largest economies, offering a temporary reprieve for global markets and businesses affected by the trade war.