Trade Deal Boosts Markets: Optimism Over Tariff Reduction Drives Economic Uptick

The United States and China have made a significant move towards easing trade tensions by slashing tariffs over the next 90 days. This agreement has sparked a wave of market optimism, with economists observing a marked decrease in recession predictions for the U.S. The reduction in tariffs on Chinese products from 145% to 30%, and similar reductions on U.S. imports, has significantly calmed fears about an imminent economic downturn by 2025.