#TradeWarEases The hashtag #TradeWarEases has been trending recently, particularly in posts on X, reflecting optimism about de-escalating trade tensions between major global powers, notably the U.S. and China. Here's a concise overview based on recent developments:U.S.-China Trade Talks: On May 12, 2025, the U.S. and China agreed to a 90-day tariff reduction, slashing U.S. duties on Chinese goods from 145% to 30% and Chinese tariffs on U.S. products from 125% to 10%. This temporary truce, announced after talks in Geneva, aims to avert a global recession and has boosted stock markets, with the S&P 500 rising 3% and tech stocks like Apple and Nvidia gaining significantly. However, analysts caution that this is not a full resolution, as underlying issues like the U.S. trade deficit and China's economic policies remain unresolved.U.S.-U.K. Trade Deal: Posts on X highlight a new U.S.-U.K. trade agreement, described as a "breakthrough" by President Trump, which lowers tariffs and boosts U.S. agricultural exports like beef and ethanol. This deal, announced recently, is seen as part of broader efforts to stabilize global trade amid earlier tariff hikes.Market and Economic Impact: The tariff reductions have eased fears of an imminent global downturn, with U.S. stock futures and Asian markets rising. However, experts warn that the trade war's earlier escalation, with U.S. tariffs peaking at 145% and China's at 125%, disrupted supply chains and raised consumer prices. The 90-day reprieve is viewed as a step toward further negotiations, but a comprehensive deal may require addressing deeper geopolitical and economic frictions.Skepticism and Limitations7: While the hashtag #TradeWarEases reflects current sentiment on X, the situation remains fluid. The trade war's long-term effects are still unfolding, and some analysts, like those at CEPR, predict lasting disruptions to global supply chains even with partial tariff suspensions. China’s economy, despite domestic challenges like deflation, has shown resilience, partly due to rerouting exports through third countries.For more