⚡️ Breaking news: "Joint Statement of the China-U.S. Geneva Economic and Trade Talks" simplified version——

Both sides will cancel the previously fabricated additional tariffs, with China and the U.S. retaining a mutual 10% tariff for 90 days, while other tariffs are suspended to observe the effects.

It is completely reciprocal and synchronous, essentially returning to the tariff levels of early April.

Strictly speaking, in terms of wording, the U.S. side is "cancelling" the tariffs, while the Chinese side is "suspending or cancelling" non-tariff countermeasures, indicating that China may have a bit more initiative.

Looking back at the entire tariff incident, it all started when the "understanding king" pulled up a list on EXCEL, intending to use this data to negotiate prices with various countries, mostly as a form of intimidation, with political significance > real significance.

In the end, the "understanding king" did not succeed in his scheme, and after four rounds of tariff wars, it ended up being quite lonely.

Well, the show is over. For friends who added positions at the bottom, we should thank President Trump for the financial support. Now, can we wait for a raging bull market?

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