The latest trade truce between China and the United States has provided investors with hope that the two superpowers can reach a lasting resolution, but the lack of detailed terms leaves room for potential future tariff conflicts. President Donald Trump stated that the U.S. deal with China includes Beijing supplying magnets and rare earth minerals, while Washington will allow Chinese students in U.S. colleges and universities. A White House official mentioned that the agreement allows the U.S. to charge a 55% tariff on imported Chinese goods. Analysts noted that while the outcome of the talks supported riskier assets, investors remained cautious. The main positive takeaway was the indication of pragmatism on both sides. However, uncertainty remains high due to the absence of concrete details. The impact of duties in a trade war that could bring $600 billion in two-way trade to a standstill is being felt in both economies. Economists say the damage from the tit-for-tat duties and volatility in financial markets will be an overhang on the global economy for months. \n— new from Reuters
