U.S.-China Trade Deal: What Markets Really Need to Thrive
Following high-level talks, the United States and China have agreed to a 90-day ceasefire in their trade war, marked by substantial tariff reductions. U.S. tariffs on Chinese goods will decrease from 145% to 30%, while China will lower tariffs on U.S. goods from 125% to 10%. This move has injected optimism into global markets, but the need for a comprehensive and enduring agreement remains crucial for sustained economic stability.