#NewsTrade
The U.S. and China agreed to a 90-day reduction in tariffs, easing trade tensions.
U.S. tariffs on Chinese goods will drop from 145% to 30%.
China will reduce tariffs on U.S. imports from 125% to 10%.
The announcement came after talks in Geneva, signaling renewed cooperation.
Global markets reacted positively, with major indices like the Dow Jones and S&P 500 rising.
The truce is seen as a temporary relief, encouraging further negotiations.
Analysts warn that deeper issues remain unresolved.
The long-term success of the deal is still uncertain.