💨 Abstract

Global stock markets surged after the U.S. and China agreed to reduce tariffs for 90 days, temporarily easing their trade war. The U.S. cut tariffs on Chinese imports from 145% to 30%, while China lowered its duties on U.S. imports to 10%. This move alleviated fears of a global recession but did little to address underlying issues like the U.S. trade deficit with China and the fentanyl crisis.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖