US-China Tariff Reduction: Ease in Market Tensions Amidst Uncertainties

A recent tariff reduction agreement between the US and China has brought some relief to global markets, but uncertainties remain regarding its long-term impact. The 115 percentage point cut on tariffs will last for 90 days, aiming to ease trade tensions and address market instability. This agreement, reached by key figures like the US President and Chinese trade ministers, is seen as a positive step towards stabilizing global equities and improving trade flows.