⚡️⚡️⚡️⚡️⚡️⚡️
Dramatic turn in US-China relations! 🇺🇸🇨🇳
President Trump announced last night an immediate reduction of tariffs on China after a meeting he described as 'amazing' with President Xi. ☢️
According to his statements: 1️⃣ Overall tariffs on China will be reduced from 57% to 47%, a significant softening step in the trade war.
2️⃣ Fentanyl tariffs will drop to just 10%, effective immediately.
3️⃣ Direct talks between China and Nvidia will open soon, to regulate restrictions on chip exports.
Trump: We discussed chips, China will talk with Nvidia
4️⃣ All obstacles to rare earth imports have been removed, a move that could shake green energy and technology markets.
5️⃣ Trump announced that China and the US will cooperate on Ukraine, an unusual step in the geopolitical arena.
In addition: 🟰 Chinese President Xi will visit the US soon, the first such visit since 2017.
🟰 Trump plans to visit Beijing in April 2026.
🟰 The two reached a one-year trade agreement on rare earths and critical minerals, which will be renewed annually.
The market anticipates a de-escalation of tensions and renewed stability in international trade, stocks affected by the tensions may, due to this move, enjoy a tailwind of optimism? 👐
The news may provide positive sentiment to the markets. 📊