💨 Abstract

The U.S. and China agreed to temporarily reduce steep tariffs on each other's imports, aiming to ease a trade war that had disrupted global supply chains and fueled recession fears. The U.S. will lower its tariffs on Chinese goods from 145% to 30% for 90 days, while China will reduce its duties on U.S. imports from 125% to 10%. Financial markets reacted positively, with global stocks and the U.S

Courtesy: theprint.in

Summarized by Einstein Beta 🤖