Fidelity: The temporary reduction of tariffs between China and the U.S. is an encouraging signal that helps restore market confidence

The joint statement between China and the United States announced a temporary reduction in tariffs, with U.S. tariffs on Chinese goods decreasing from 145% to 30%, and Chinese tariffs on U.S. goods decreasing from 125% to 10%. Stuart Rumble, Director of Investments for Fidelity International in the Asia-Pacific region, stated that this move will boost market confidence. Although the duration of the tariff reductions is limited, the overall tariff burden has significantly shifted, helping to alleviate trade tensions between China and the United States. Investors need to pay attention to changes in global trade flows and adjustments in corporate supply chains