#TrumpTariffs A little positivity in our feed! Oleg, the USA and China have signed an agreement for another pause in trade tariffs. The USA will reduce the tax to 30% while China, in turn, will reduce it to 10%. But this is just a pause. Both countries must prepare for a global resolution on mutual tariffs during the established period. After the publication of inflation data in the USA and the receipt of results showing a positive decrease in inflation, the situation with Trump's tariffs should be viewed from a different perspective. If we compare it to past tariff wars in the USA, the state was previously more commodity-based, which strongly influenced the risk of recession at the global level. However, it should be noted that at this moment, the service sector is rapidly developing, and the share of goods in daily life is losing its dominance. In short, it turned out that taxes on goods had less impact on the US economy than expected based on past practices.
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