#TradeWarEases The trade war between the US and China has seen a significant easing with a recent deal to temporarily slash tariffs. Here's what's changing ¹ ²:

- *US Tariffs*: Reduced to 30% from 145% on Chinese imports

- *Chinese Tariffs*: Dropped to 10% from 125% on US imports

- *Duration*: The tariff reductions are in effect for 90 days

- *Excluded Items*: The deal doesn't include exemptions for low-value e-commerce shipments from China and Hong Kong

This development has sent stocks soaring and the US dollar rising, while gold prices have fallen. The agreement aims to alleviate fears of a global economic downturn and promote balanced trade between the two nations.

*What's Next?*

- *Further Negotiations*: The US and China plan to continue discussions on economic and trade relations, including tariffs, non-tariff trade barriers, currencies, and subsidies

- *Potential Permanent Deal*: There's hope that this temporary agreement could lay the groundwork for a more permanent solution