U.S.–China Tariff Truce Boosts Market Sentiment
In a landmark development, the United States and China agreed to a temporary 90-day halt on their ongoing tariff war. This unexpected move saw U.S. tariffs on Chinese goods reduced dramatically from 145% to 30%, while China’s reciprocal tariffs on U.S. imports dropped from 125% to just 10%. The truce immediately sent waves of optimism through the financial world. Major indices like the Dow Jones surged over 2%, and technology stocks experienced a notable rally. This easing of trade tensions is viewed by analysts as a temporary but significant boost to global markets, particularly for economies that depend heavily on exports. Forex traders saw immediate improvements in risk sentiment, with emerging market currencies gaining ground amid improved global confidence.
In a landmark development, the United States and China agreed to a temporary 90-day halt on their ongoing tariff war. This unexpected move saw U.S. tariffs on Chinese goods reduced dramatically from 145% to 30%, while China’s reciprocal tariffs on U.S. imports dropped from 125% to just 10%. The truce immediately sent waves of optimism through the financial world. Major indices like the Dow Jones surged over 2%, and technology stocks experienced a notable rally. This easing of trade tensions is viewed by analysts as a temporary but significant boost to global markets, particularly for economies that depend heavily on exports. Forex traders saw immediate improvements in risk sentiment, with emerging market currencies gaining ground amid improved global confidence.
