US and China Agree to 90-Day Tariff Pause and Rollback

Trade War Truce

• 🤝 The US and China have agreed to a 90-day pause on their trade war, rolling back most recent tariffs.
• 🎯 Both nations recognized the importance of their trade relationship in reaching this agreement.

Tariff Reductions

• 📉 The US will temporarily lower its overall tariffs on Chinese exports from 14.5% to 3%.
• 📈 China will cut its tariffs on American goods from 12.5% to 10%.
• ⚠️ Trump's 20% sentinel-related levies on China will remain in place.

Future Discussions and Market Reaction

• 💬 A mechanism will be established for continued discussions in China, the US, or a third country.
• 🌍 The World Trade Organization head welcomed the move as a significant step forward.
• 💹 Financial markets reacted positively, with Hong Kong's Hang Seng index ending higher and the US dollar rallying.