#TradeWarEases

After intense negotiations in Geneva, the United States and China have agreed to a 90-day truce in their tariff dispute. The United States will reduce tariffs on Chinese products from 145% to 30%, while China will lower its tariffs on American products from 125% to 10%. This agreement aims to ease trade tensions and prevent further damage to both economies.

It is expected that this pause will allow both countries to continue negotiations to reach a broader trade agreement. The news has been well received by financial markets, which anticipate a decrease in global economic uncertainty. However, the sustainability of this truce in the long term is still uncertain.