US and China ease trade tensions with tariff agreements
market hours1 source ↓written by the desknot a recommendation
US President Donald Trump and Chinese President Xi Jinping have reached a temporary agreement on tariffs during talks in Busan. The US has halved its 20% tariff on Chinese goods, while China has suspended restrictions on rare earth element exports for one year. This development may reduce global uncertainty and improve market sentiment.
Not investment advice. For informational purposes only.