US-China Trade Deal Key Losses: How Tariffs Backfired
US-China trade deal key losses are becoming more and more apparent right now as both nations have just recently announced a rather surprising 90-day tariff reduction agreement. This unexpected development marks a significant shift in Trump’s trade war strategy. The cutbacks on reciprocal tariffs negotiated over in Geneva during the weekend produced a rollback of the tariffs reduction from a whopping 125% down to a meager 10% – with experts at this point regarding such a move as an evident victory over Beijing rather than a win for Washington. Markets have reacted with huge excitement to the news as global stocks soared massively on Monday. The S&P 500 jumped an impressive 3.26%, also the technology-laden Nasdaq Composite jumped even higher at 4.35%. Also Read: China Chooses US Trade, Weakens Russia’s De-Dollarization Push Key Losses for the U.S. in the Latest US-China Trade Deal and Market Reactions Source: FT US-China’s trade deal key losses became evident after many m...