#TradeWarEases

In a significant development, the United States and China have agreed to a 90-day reduction in reciprocal tariffs, marking a pivotal de-escalation in their ongoing trade tensions. The U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce tariffs on U.S. goods from 125% to 10%. (Reuters)

This agreement, reached after productive talks in Geneva, has been welcomed by global markets. U.S. stock indices responded positively, with the Dow Jones Industrial Average jumping nearly 1,000 points, the S&P 500 rising by 2.6%, and the Nasdaq Composite surging over 3%. Investors are optimistic that this temporary truce could pave the way for a more comprehensive trade deal in the near future.(Reuters, The Times of India, markets.businessinsider.com)

While the 90-day tariff reduction offers temporary relief, analysts caution that it is a de-escalation rather than a complete resolution. Nevertheless, this move introduces clearer boundaries on future tariff rates and fosters optimism for more balanced trade relations between the two largest global economies. (markets.businessinsider.com)

#TradeWarEases