#TradeWarEases

Historic trade truce between America and China... Is it the beginning of the end?

Finally, after months of tension and uncertainty, the United States and China agreed to a 90-day trade truce aimed at breaking the deadlock and providing an opportunity for a comprehensive agreement.

Details of the agreement:

America reduces tariffs on Chinese goods from 145% to 30%.

China reduces retaliatory tariffs on American exports from 125% to 10%.

The agreement came after intensive negotiations in Geneva, described by the delegations as "frank and constructive," amid cautious welcome from markets and companies.