Financial Market Response - The financial markets reacted positively to the announcement of tariff reductions, with spot gold prices dropping to $3,220 per ounce, marking a 3.21% decline, reflecting optimism about the economic outlook [3] - The Hong Kong Hang Seng Index surged nearly 2.98%, while the Shanghai Composite Index rose by 0.82% and the Shenzhen Component Index increased by 1.72%, indicating a favorable response to the easing of US-China trade tensions [3] - US stock index futures also saw significant gains, with the S&P 500 rising by 2.8% and the Nasdaq increasing by 3.6%, showcasing a notable boost in investor confidence [3] - The Chinese yuan reached a six-month high, signaling increased market confidence in the Chinese economy [3] - European shipping companies, such as Maersk, saw stock prices rise by nearly 12%, reflecting the positive impact of improved global trade conditions [3] Economic Perspectives - Economists view the tariff adjustments as a significant positive development, with expectations that the new rates will alleviate concerns over short-term global supply chain disruptions [4] - The chief economist at ING estimated that reducing tariffs to 30% could restore normal trade activities between the US and China, leading to an upward revision of China's annual economic growth forecast to 4.7% [4] - The temporary nature of the tariff reductions is acknowledged, with the need for further negotiations and potential agreements in the coming months [4] Exporter Insights - Exporters are encouraged by the joint statement, viewing the next 90 days as a critical period to capitalize on reduced cost pressures and increase business activity [5] - Companies are expected to expedite shipments and enhance their presence in the US market during this window of opportunity [5] - Some businesses are shifting from passive to proactive international trade strategies, focusing on building competitive advantages in anticipation of future changes in trade policies [6]