12.05.2025 10:40
An agreement has been reached between the United States and China that has long been ongoing and closely concerns Turkey in terms of both exports and imports. The two countries have agreed to reduce customs duties. This situation is considered a significant step for the global economy. Although the details of the agreement have not yet been disclosed, it appears to have had a positive impact on the markets.
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The United States and China have decided to mutually reduce tariffs for 90 days in order to ease tensions in the trade war. This temporary agreement has created a positive atmosphere in global markets.
JOINT STEP TO REDUCE TRADE TENSION FROM THE US AND CHINA
Signs of easing have emerged in the US-China trade war, which threatens global economic stability. The two countries have opened the door to a new era in trade relations by mutually reducing tariffs. The decision, which affects almost all countries including Turkey, has received significant attention in the world media.
90-DAY TEMPORARY CEASEFIRE
In a joint statement made by the Washington and Beijing administrations, it was announced that a temporary reduction in mutual tariffs would be applied for 90 days. This step was received as a positive signal by global markets.
CHINA HAS LOWERED TARIFFS ON US PRODUCTS TO A MINIMUM LEVEL
As part of the agreement, China has reduced the customs duty it applies to goods imported from the US from 125% to 10%. This radical decrease shows how much importance Beijing places on the trade agreement.
MUTUAL EASING FROM THE US
The Washington administration also took a similar step. The high tax rate of 145% applicable to products from China has been reduced to 30%. Thus, both countries have shown a mutual will to reduce trade tensions.
POSITIVE IMPACT ON GLOBAL MARKETS
This mutual reduction decision, which will last for 90 days, has been positively received in global financial markets, especially in Asian and US stock exchanges. Experts state that this temporary ceasefire could pave the way for a permanent trade agreement.
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