Reported 4 months ago
A recent U.S.-China agreement to pause tariffs for 90 days has led to a surge in global stock markets and the dollar, although investors remain wary of the durability of this truce. U.S. Treasury Secretary Scott Bessent announced a significant reduction in tariffs, with U.S. tariffs on Chinese goods dropping to 30% and Chinese tariffs on U.S. imports at 10%. While the market reacted positively, analysts caution that achieving a final deal could be prolonged, and concerns about global economic impacts persist as policymakers navigate the ongoing uncertainties.
Source: YAHOO