#TradeWarEases In a significant move, the United States has agreed to reduce tariffs on Chinese goods from 145% to 30% over the next 90 days. In return, China will lower its tariffs on U.S. goods from 125% to just 10%.
Both countries will establish a new economic dialogue mechanism aimed at fostering long-term cooperation and addressing deep-rooted structural issues in their trade relationship. #TradeStories
Global financial markets reacted positively to the news. S&P 500 futures rose by 2.8%, the U.S. dollar strengthened by 0.7%, and gold prices declined by 2.3%.