Overview

• The U.S. reduced tariffs on Chinese goods from up to 145% to 30%, while China lowered retaliatory duties from 125% to 10%.
• The temporary tariff reduction, agreed upon after high-stakes negotiations, will last for 90 days as broader trade discussions continue.
• Tech stocks rallied sharply, with Amazon shares up 8.6%, Tesla up 5.7%, and the Roundhill Magnificent Seven ETF gaining 5%.
• Chipmakers including Marvell Technologies, Broadcom, Intel, and AMD saw significant gains in response to reduced trade tensions.
• Analysts view the truce as a positive step for global supply chains, with potential long-term implications for tech and AI sectors.