The United States and China have agreed to a 90-day reduction in tariffs, with U.S. tariffs on Chinese goods dropping from 145% to 30% and China's tariffs on American imports decreasing from 125% to 10%. This temporary truce, following negotiations in Switzerland, has led to significant gains in global markets, particularly benefiting tech and semiconductor stocks.
The United States and China have agreed to a 90-day reduction in tariffs, with U.S. tariffs on Chinese goods dropping from 145% to 30% and China's tariffs on American imports decreasing from 125% to 10%. This temporary truce, following negotiations in Switzerland, has led to significant gains in global markets, particularly benefiting tech and semiconductor stocks.