#TradeWarEases

The trade war between the US and China has temporarily eased, with both countries agreeing to suspend their reciprocal tariffs for an initial 90-day period. This development has boosted investor optimism and led to a surge in Indian stock markets, with the Sensex closing at 82,429.90 points, up by 3.74%, and the Nifty closing at 24,924.70 points, up by 3.82%.

*Key Details of the Temporary Agreement:*

- *Tariff Suspension*: The US and China will suspend their previously announced reciprocal tariffs for 90 days.

- *Tariff Rates*: China agreed to 10% tariffs on US goods, while the US imposed a 30% tax on Chinese goods.

- *Market Impact*: The temporary easing of the trade war has supported a rally in Indian markets, driven by investor optimism and favorable domestic economic indicators.