Reported about 9 hours ago
The U.S. announced significant tariff reductions on Chinese shipments, lowering the 'de minimis' tariff from 120% to 54% as part of a 90-day pause in trade tensions. Following negotiations, the U.S. tariffs will decrease further, and China has lifted its ban on Boeing plane deliveries. This development has led to a surge in U.S. stock markets and increased optimism for a more stable trade relationship between the two countries.
Source: YAHOO