💨 Abstract

Global stock markets surged after the U.S. and China agreed to reduce tariffs for 90 days. The U.S. tariffs on Chinese imports will be lowered to 30% and China's tariffs on U.S. imports to 10%. Wall Street reacted positively, but underlying issues like the U.S. trade deficit and the fentanyl crisis remain unaddressed. Businesses seek more clarity and caution, especially given the uncertain future and potential price increases.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖