The markets experienced a temporary calm after the announcement of a trade truce between the US and China, as the United States reduced tariffs from 145% to 30%, and China responded by lowering its fees from 125% to 10%. This retreat came after a significant escalation in 2025 when Trump imposed a general tariff 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 in response. Anticipation is the name of the game until the end of the 90-day truce period.