Global markets surged as the U.S. and China agreed to a 90-day reduction in tariffs:
๐บ๐ธ U.S.: Tariffs on Chinese goods reduced from 145% to 30%.
๐จ๐ณ China: Tariffs on U.S. imports cut from 125% to 10%.
Market reactions:
๐ Dow Jones: Up over 1,000 points.
๐ S&P 500: Gained 2.7%.
๐ Nasdaq: Rose 3.5%.
Additional highlights:
๐ข๏ธ Brent crude surpassed $65 per barrel.
๐ Gold prices fell by 2.5%.
๐ Bond yields reached a one-month high at 4.43%.
This temporary truce offers a window for further negotiations, aiming for a lasting resolution.
๐ท Suggested image: A handshake between U.S. and Chinese officials with their national flags in the background.
#TradeWarEases #USChinaTrade #MarketRally #BinanceSquare
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