US-China Trade War: Temporary Truce Brings Market Relief

US and China Reach Temporary Trade Truce: Stocks Soar The United States and China have agreed to a temporary easing of tariffs, sending shockwaves through global markets. President Trump announced the deal, describing it as a "total reset" in trade relations. The agreement lowers tariffs on certain goods to 10% for 90 days, providing a brief respite in the ongoing trade war. While this is a positive development, negotiations continue on more substantial structural issues. "Both sides now agree to reduce the tariffs," President Trump stated in a press briefing. This temporary agreement allows negotiators time to address more complex issues in the relationship. The stock market reacted positively to the news, with significant gains in the hours following the announcement. The temporary agreement shows a willingness to compromise and suggests a potential path towards a more stable trade relationship between the two economic giants, though the long-term implications remain uncertain.