U.S. AND CHINA TO CUT TARIFFS,-To The Moon - Tiger Brokers Online Investing Community - To The Moon

U.S. AND CHINA TO CUT TARIFFS, EASING TRADE TENSIONS

The U.S. and China agreed to sharply reduce tariffs, signaling a shift from conflict to cooperation between the world’s top economies.

Key points from Geneva talks:

🔸 Trump’s tariff on Chinese goods drops to 10% from 125%.

🔸 A separate 20% fentanyl-related tariff stays in place.

🔸 China cuts its retaliatory tariffs to 10% from 125%.

🔸 The cuts are temporary, lasting 90 days as talks continue.

Markets reacted strongly:

🔸 S&P 500 poised to recover losses since April.

🔸 Nasdaq-100 futures jumped 3.5%+.

🔸 Amazon, Apple, Tesla rose in premarket trading.

🔸 Dollar and bond yields climbed.

The trade war had stalled U.S.-China trade and hurt businesses. This deal raises hopes of avoiding the worst economic fallout.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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