chinatariffcut

#TradeWarEases
The U.S. and China have agreed to reduce tariffs for 90 days, marking a significant de-escalation in their trade tensions. The U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce its tariffs on U.S. goods from 125% to 10%. This agreement follows two days of high-level negotiations in Geneva, described by both sides as "constructive" and "productive." Financial markets responded positively, with Asian stock indices climbing and oil prices rising over 1%. However, analysts caution that the lack of detailed commitments poses risks for future market stability.
markets.businessinsider.com
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Financial Times
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The Guardian
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markets.businessinsider.com
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The Guardian
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The Times
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Reuters
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The Guardian
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#TradeWarEases #USTariffReduction #ChinaTariffCut #GlobalMarkets #TradeNegotiations