#TradingTools101 China and the USA Signed a Trade Deal

Trump stated that the agreement is ready pending approval from the leaders — US tariffs on Chinese goods could reach 55%, while China will impose a 10% import tariff on goods from the USA.

🇺🇸The USA agreed to lift a number of export restrictions on rare earth minerals and many other goods.

❗️But this is not a complete end to the trade war, but rather a temporary truce. The trade deal requires approval from Trump and Xi. Specific details and timelines have not yet been announced. Nevertheless, the market reacted positively.