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In a move that could reshape global trade, the United States and China have announced a deal to reduce import tariffs: the US will lower its rates on Chinese goods from 145% to 30%, and China will do the same, cutting its tariffs on American products from 125% to 10%. However, the truce is set to last only 90 days.
Immediate impacts: Stock markets reacted swiftly — companies like Nike, Amazon, and Under Armour saw their shares soar by up to 11%.
In politics: Trump called the deal a “complete reset”, while Beijing remained cautious, criticising the US for its previous actions.
Looking ahead: The risk of tensions flaring up again remains. Countries like Mexico, India, and Vietnam, which gained ground during the trade war, are already on alert.
Is this the start of a new era of economic cooperation — or just a strategic pause before more conflict?
