⭐ Major news on China-U.S. trade and economic relations released!

The China-US Geneva economic and trade talks announced a significant joint statement. Global risk assets rose sharply in response, with most European stock indices gaining nearly 2%, the FTSE China A50 Index futures rising by 1.94%, Hong Kong stocks rebounding rapidly, and Bitcoin breaking through $105,000. The US dollar index reached a high of 101.56, while non-US currencies fell across the board; safe-haven spot gold plunged sharply, briefly losing the $3,220 mark. The yield on US 10-year Treasury bonds climbed to a one-month high.
The recent high-level economic and trade talks between China and the United States have made substantial progress, significantly reducing the bilateral tariff levels. The U.S. has canceled a total of 91% of the additional tariffs, while China has correspondingly canceled 91% of the counter-tariffs. The U.S. has also suspended the implementation of a 24% "reciprocal tariff," and China has likewise suspended the implementation of a 24% counter-tariff. This measure aligns with the expectations of producers and consumers in both countries, as well as serving the interests of both nations and the common interests of the world.