In a surprising turn of events, the United States and China have agreed to significantly reduce tariffs following a pivotal meeting in Geneva. This agreement, announced on a Monday, has exceeded Wall Street's expectations and initiated a 90-day 'cooling-off' period for further negotiations.

After two days of talks in Switzerland, significant progress in trade negotiations between the USA and China was announced. The delegations, led by the U.S. Treasury Secretary and the Chinese Vice Premier,