US and China De-escalate Trade War in Surprise Tariff Cut

US and China Reach Agreement to Slash Tariffs for 90 Days In a surprising development, the United States and China have reached an agreement to significantly reduce tariff levels for the next 90 days. This unexpected move marks a significant de-escalation in trade tensions between the two economic superpowers. The agreement follows months of escalating trade disputes, with both countries imposing substantial tariffs on each other's goods. The terms of the agreement involve a reciprocal reduction of tariffs. According to sources, the US lowered tariffs by 115%, and China followed suit with a similar reduction. This reciprocal action is a departure from earlier trade conflicts, where one country's actions were not always immediately matched by the other. "This is a sign that the global order has truly changed," said Justin Moore, an expert in global economics and the author of the accompanying video. "The US took the initiative to de-escalate the situation, showing a willingness to compromise." The agreement has been met with a mix of optimism and caution, with some analysts suggesting it could lead to a broader thaw in US-China relations, while others remain wary about the long-term implications. The agreement represents a potential turning point in the ongoing trade war, indicating a possible shift in the global economic landscape. The next 90 days will be crucial in determining whether this de-escalation leads to lasting stability or is merely a temporary reprieve.