Key Developments #TradeWarEases :

Significant Tariff Reductions: Reports indicate that the United States has agreed to reduce tariffs on Chinese goods from 145% to 30% over the next ninety days. In response, China will lower its tariffs on American goods from 125% to just 10% during the same period.

"Complete Reset": President Trump described these talks as a "complete reset" in the relationship.

New Consultation Mechanism: The two countries will work to establish a new economic and trade consultation mechanism to continue discussions.

Suspension of Countermeasures: China will also suspend or remove non-tariff countermeasures it previously imposed.

Market Reaction: Global stock markets and the US dollar rose following this news, while gold prices fell. This indicates positive sentiment among investors.

Impact and Analysis:

De-escalation: This represents a major de-escalation in the long-running trade war between the two largest economies.

Boosting Global Markets: Easing tensions could spark a rally in global markets and bolster market confidence.

Positive Investor Sentiment: The agreement has led to positive investor sentiment and increased institutional interest, even contributing to upward momentum in the cryptocurrency market.