#TradeWarEases

Today, the USA and China announced an agreement to significantly reduce import tariffs for 90 days, marking a temporary truce in the trade war between the two powers.

Key points of the agreement:

- US tariffs on Chinese products drop from 145% to 30%.

- China reduces tariffs on American products from 125% to 10%.

- The 20% tariff on Chinese products linked to fentanyl trafficking remains.

Immediate impacts on the market:

- Dow Jones climbed 1,044 points (+2.5%).

- S&P 500 advanced 2.9%.

- Nasdaq rose by 4%.

Stocks like Apple, Amazon, Dell, and Best Buy surged.

Consumer sector of the S&P 500 grew by more than 5%.

Outlook: Despite the truce, structural issues remain unresolved. Experts view the agreement as a short-term relief, with deeper negotiations still to come.

Sources: Reuters, NY Post, The Times, Investopedia