#TradeWarEases The USA and China have made progress in trade negotiations: implications for global markets**

Two days of negotiations between the USA and China in Geneva resulted in "substantial progress" in reducing trade tensions. The establishment of a new consultation mechanism may improve dialogue between the countries, positively impacting global markets. A joint statement expected on May 12 is anticipated to bolster investor confidence and stabilize commodity and stock markets.

However, risks remain: the American parliament is preparing new laws regarding the steel industry, which may increase protectionism. If restrictions affect Chinese exports, it could provoke retaliatory measures and new frictions.

In the short term, markets are likely to react with growth against the backdrop of reduced tensions, but long-term stability will depend on the details of the agreement and US policy. The statement is likely to solidify agreements on tariffs and market access, but structural contradictions will persist.