#TradeWarEases
Trade War Thaws: U.S. and China Slash Tariffs in 90-Day Truce
Big news on the global trade front: The U.S. and China have agreed to a 90-day reduction in tariffs, marking a major easing in their prolonged trade war. The U.S. will cut tariffs on Chinese goods from 145% to 30%, while China will reduce tariffs on American imports from 125% to 10%.
Markets responded swiftly. The Dow Jones soared over 1,100 points, with the S&P 500 and Nasdaq seeing their biggest single-day gains in over a year. Asian markets also rallied on renewed optimism.
While this truce signals a step forward, analysts warn it’s not the end of trade tensions. Key issues remain unresolved, and if progress stalls, tariffs could return.
The next 90 days will be critical as both sides work toward a more lasting agreement.