The markets witnessed a temporary calm after the announcement of a trade truce between the United States 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 blanket 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 in response. Anticipation is the order of the day until the end of the truce period, which lasts for 90 days.