Following weekend talks in Geneva, the US and China have agreed to a 90-day trade truce. The US will lower tariffs on Chinese imports to 30%, while China will reduce tariffs on US goods to 10%. This temporary de-escalation aims to prevent a complete decoupling of the economies, with further negotiations planned in the coming weeks. While significant trade barriers remain, the agreement is seen as a positive step, boosting stock markets and the dollar.

Prepared by Christopher Adams and reviewed by editorial team.