#TradeWarEases
*#TradeWarEases | A trade truce between the United States and China revives global markets 📉📈*
In a surprising move, the United States and China reached an agreement to reduce tariffs for 90 days:
- The U.S. reduced tariffs on Chinese imports from 145% to 30%.
- China reduced tariffs on American goods from 125% to 10%.
- The agreement came after talks in Geneva between the U.S. Treasury Secretary and the Chinese Vice Premier.
- Markets responded strongly: the Dow Jones index rose by more than 1000 points, and shares of companies like Apple and Amazon surged.
This temporary truce aims to ease trade tensions and provides an opportunity for further negotiations.
Do you think this step will lead to a permanent agreement? Share your opinion 👇#NewsTrade #tradewareasess #TradeStories