U.S.-China Tariff Deal Brings Hope for Market Recovery

A significant milestone in the U.S.-China trade relationship has been reached, with both nations agreeing to substantial tariff cuts. This development has fueled optimism across global markets. U.S. Treasury Secretary Scott Bessent led the discussions with Chinese Vice Premier He Lifeng, paving the way for reduced tariffs by over 100 percentage points while maintaining a 10% baseline. The agreement signifies a shift away from trade tensions and towards renewed collaboration. President Trump and Mr. Bessent’s involvement underscored a shared commitment to preventing decoupling and promoting economic cooperation between the two nations.