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US and China Slash Tariffs: Markets Rally as Recession Fears Subside
US and China Slash Tariffs: Markets Rally as Recession Fears Subside
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The United States and China have reached a landmark 90-day agreement to reduce tariffs, sparking a market rally and easing fears of a U.S. recession by 2025. The probability of an economic contraction has dropped sharply from 70% to 40%, reflecting renewed Optimism in global trade stability.
Trade tensions between the two economic powerhouses had previously driven recession expectations to near-crisis levels. The tariff reduction—including a cut from 145% on Chinese goods—marks a significant de-escalation, with immediate Ripple effects across financial markets.
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