The recent trade agreement between the US and China has eased tensions in the global market. The US and China have agreed to reduce tariffs for 90 days, with the US lowering tariffs on Chinese goods to 30% and China reducing tariffs on American goods to 10%. This move has led to a surge in global stock markets, with the Dow Jones Industrial Average rising by over 1,100 points. Investors are optimistic about the possibility of reaching a comprehensive trade agreement in the coming weeks. However, economists warn that high baseline tariffs may still continue to affect economic data.
