U.S.-China Trade War 90-Day Truce
Source: SeekingAlpha
2025-05-13 00:55:00 ET
Summary
- The U.S. and China announced that they will temporarily lower tariffs on each other's exports, with the U.S. reducing its tariffs on China from 145% to 30% and China reducing its tariff rate from 125% to 10%.
- Further details are yet to be announced, and there is elevated uncertainty around what could follow the 90-day pause.
- Risk assets have responded very positively. Both U.S. and Asian markets are surging, and the good news is reverberating across global markets with European markets also rising on the day.
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U.S.-China Trade War 90-Day Truce
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