๐ Global markets rallied after the United States and China signaled a major easing of trade tensions following high-level talks between President Donald Trump and Chinese President Xi Jinping.
The two economic powers agreed to reduce tariffs for a temporary 90-day period, with US tariffs on many Chinese goods reportedly dropping from 145% to 30%, while China cut tariffs on American products from 125% to 10%.
The agreement also includes:
โข Expanded Chinese purchases of US agricultural goods
โข Progress on beef and poultry market access
โข Discussions on technology investment and trade cooperation
โข Plans for continued negotiations between both governments
Investors reacted positively as fears of a prolonged trade war eased, boosting stock markets across the US and Asia. Analysts say the move could help stabilize global supply chains, reduce inflation pressure, and improve business confidence after months of uncertainty.
However, economists warn the deal remains temporary, and major disagreements over technology, Taiwan, sanctions, and industrial policy still remain unresolved.
