The markets witnessed a temporary easing after the announcement of a trade truce between the United States and China, where the United States reduced tariffs from 145% to 30%, and China responded by lowering its fees from 125% to 10%. This reversal came after a significant escalation in 2025 when Trump imposed general tariffs of 10% on all imports, which increased inflation and commodity prices. Companies now face a state of uncertainty due to volatile trade policies, while China seeks to strengthen its relations with Latin America as a reaction. Anticipation is the order of the day until the end of the truce period that extends for 90 days.

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