Reported 4 months ago
The United States and China have reached a significant agreement to pause tariffs for 90 days and reduce reciprocal duties, which has sparked a surge in stock markets and the dollar. This development follows the first direct talks since President Trump returned to office and has led to mixed market sentiments, with analysts cautioning against over-optimism as the long-term impact of tariffs remains uncertain. The deal is seen as a positive step towards mitigating trade conflicts, although concerns about future negotiations and tariff levels persist.
Source: YAHOO