#TradeWarEases The deal was reached in Geneva talks led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.

(Source: Financial Times)

Impact on Global Markets:

S&P 500 Futures jumped 2.8%

U.S. Dollar rose 0.7%

Gold prices dropped 2.3%

Tech Sector Hit:

Apple faces a $1.4B tariff loss and is shifting production to India and Vietnam.

Smartphone and laptop prices may rise by 31% and 34% respectively.

(Source: The Australian)