#TradeWarEases The US-China trade war has eased with a landmark deal between the two countries. Here's what's happening ¹:

- *Tariff Reduction*: The US will cut tariffs on Chinese imports to 30% from 145%, while China will reduce its levies on US imports to 10% from 125%. This 90-day agreement aims to ease tensions and promote trade.

- *Joint Statement*: Both countries recognize the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship. They've agreed to establish a mechanism to continue discussions on economic and trade relations.

- *Future Discussions*: The two sides will hold working-level consultations on relevant economic and trade issues, potentially in China, the US, or a third country.

- *Currency Impact*: The US dollar and Chinese yuan have risen significantly after the trade deal announcement, with both currencies valuing up against the euro and Japanese yen.

This development has also positively impacted the stock market, with tech giants like Apple, Nvidia, Amazon, Microsoft, and Meta experiencing a rally. Chip stocks have also soared due to reduced pressure on AI supply chains ².