#TradeWarEases The U.S. and China agree to reduce tariffs for 90 days

In a significant step towards reducing trade tensions, the U.S. and China have agreed to decrease tariffs for a period of 90 days. This agreement means that the U.S. will reduce tariffs on Chinese products from 145% to 30%, while China will lower its tariffs on U.S. products from 125% to 10%. The news has boosted global markets, with the S&P 500 rising by 2.7% and the Nasdaq by 3.7%, reflecting renewed optimism in the global economy.