#TradeWarEases The US-China trade war has taken a positive turn as both countries agreed to slash tariffs on each other's goods for 90 days. Here's a breakdown of the deal ¹:

- *Tariff Reductions*: US tariffs on Chinese imports will be cut to 30% from 145%, while China's levies on US imports will be reduced to 10% from 125%.

- *Joint Statement*: Both countries recognize the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship.

- *Future Discussions*: The US and China will establish a mechanism to continue discussions on economic and trade relations, potentially leading to further agreements.

This development has led to a significant rise in the value of the US dollar and Chinese yuan, and oil prices have also increased by about 4% ¹ ².