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China-US Trade Truce Sparks Growth Optimism and Market Rally
China-US Trade Truce Sparks Growth Optimism and Market Rally
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Investment banks have revised China’s 2025 growth forecasts upward following a surprise tariff reduction agreement with the US. The 90-day truce slashes reciprocal tariffs dramatically—from 125% to 10% for China and 145% to 30% for the US. UBS now projects Chinese GDP growth between 3.7% and 4%, up from a 3.4% baseline prior to the de-escalation.
Asian equities surged in response, with Japan’s Nikkei climbing 2%. While UBS suggests the trade war resolution will have limited impact on China’s economy, the immediate market reaction underscores investor appetite for reduced geopolitical friction. The ripple effects may extend to cryptocurrency markets as risk sentiment improves globally.
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