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12th May 2025 | view in browser | ||
US-China tariff cuts spark Dollar rally and risk on flow | ||
In a surprising twist, the US and China agreed to significantly reduce tariffs, with the US lowering duties on Chinese imports from 145% to 30% and China cutting its tariffs from 125% to 10%. This breakthrough, accompanied by a commitment to ongoing trade talks, has sparked a massive US Dollar rally along with an accompanying rally in US equity futures. |
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