#TradeWarEases: Markets Rally as US-China Slash Tariffs

In a significant move, the United States and China have agreed to reduce tariffs for 90 days, signaling a potential thaw in trade tensions. The US will lower tariffs on Chinese goods from 145% to 30%, while China will cut tariffs on US imports from 125% to 10% .

This development has sparked a surge in global markets:

Dow Jones: +1,044 points (+2.5%)

S&P 500: +2.9%

Nasdaq: +4%

Tech and retail sectors led the rally, with companies like Apple, Amazon, and Best Buy posting significant gains. Investors are optimistic about the potential for a broader trade agreement in the coming weeks.

What are your thoughts on this development? Could this be the start of a lasting resolution, or just a temporary reprieve?

#TradeWarEases #MarketRally #USChina #TariffReduction #GlobalEconomy

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