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US-China trade talks resume: 10-day truce likely to be extended, triple-digit tariffs avoided. 15% auto tariff added to EU deal.

EU tariff deal eases trade war fears The United States and the European Union have reached an agreement on tariffs. This has reduced fears of a trade war. A trade war is when one country raises tariffs on another country's goods, which in turn results in the other country imposing counter-tariffs. This can be bad for the global economy because it disrupts trade, raises commodity prices and slows economic growth. The tariff deal has helped to avoid a situation that has helped to stabilize global trade and boosted confidence among investors. In short, good earnings from big tech companies, a positive impact from the Fed meeting, favorable inflation data and a tariff deal with the European Union - all of these have combined to boost US futures and reduce trade war concerns.

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