Chinese tariffs will drop from 125% to 10%, while U.S. tariffs will decrease from 145% to 30%.
Shortly after 08:00, the first reports emerged regarding a potential temporary agreement between China and the U.S. to reduce trade restrictions. Details of the agreement from the U.S. side are now becoming available:
- China will lower tariffs on American goods from 125% to 10% for a 90-day period
- U.S. tariffs on Chinese goods will be set at 30%: a 10% base rate plus 20% tied to fentanyl-related concerns
- The tariff reductions are set to take effect on May 14
- Both sides will conduct working-level consultations on trade and economic matters
- Negotiations will continue with the aim of establishing a long-term trade agreement in the future
US100 (H1 timeframe)
In response to successful weekend negotiations, futures on U.S. stock indices are recording significant gains. US2000 is posting the largest increase at 4.00%, US100 is up 3.50%, and US500 is trading 2.60% higher.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
