00:00And China and the United States have agreed to significantly reduce tariffs for 90 days after successful talks held on Sunday in the Swiss city of Geneva.
00:08After generating severe damage to world trade, the U.S. tariff policy received an important lesson as the nation agreed to cut its tariffs on Chinese products by more than 100% for 90 days.
00:19In a joint document, both nations commit to reduce tariffs, U.S. from 145% to 30% on China, while Beijing will reduce them from 125% to 10% on Washington's imports.
00:31The talks happen in an atmosphere of respect, as requested by the Asian nation since the beginning of the aggressive U.S. trade war.
00:38The world markets, as expected, reacted positively to this agreement.
00:49And following the agreement between China and the United States to reduce tariffs, investors returned to equities, driving a 3% rise in S&P 500 futures.
01:00Early Monday morning risk assets of all types surged after the representatives of China and the United States described the trade negotiations as very solid and productive.
01:10This breakthrough generates a risk pipe for investors who were preparing for trade war engineered by the billionaires who make up the U.S. executive.
01:20The momentum is expected to be maintained after the final agreement document signed this Monday in Geneva.
