#TradeWarEases

Historic Trade Truce Between America and China... Is It the Beginning of the End?

Finally, after months of tension and uncertainty, the United States and China have agreed to a 90-day trade truce aimed at breaking the deadlock and allowing for a comprehensive agreement.

Details of the agreement:

America reduces tariffs on Chinese goods from 145% to 30%.

China reduces retaliatory tariffs on American exports from 125% to 10%.

The agreement came after intensive negotiations in Geneva, which the delegations described as "frank and constructive," amid cautious welcome from markets and businesses.

Why does this matter to you?

Lower tariffs = Decreased production costs and a breath of fresh air for the global economy.