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[US - China Reach Tax Agreement, Global Markets Brighten]
On May 12, 2025, after negotiations in Geneva, the US and China reached a temporary agreement to reduce reciprocal tariffs for 90 days.
The US reduced import tariffs from China from 145% to 30%
China reduced tariffs on US goods from 125% to 10%
The de minimis tax for low-value packages from China to the US decreased to 54% starting May 14, 2025
President Trump called this “a new beginning”, while President Xi Jinping emphasized that “no one wins in a trade war”.
The market reacted positively: S&P 500, Dow Jones, oil prices, and USD all increased.
However, this is just a temporary agreement - investors should be cautious in light of subsequent developments.
#USChinaDeal #TariffCut #Shein #DollarIndex #BreakingNews
On May 12, 2025, after negotiations in Geneva, the US and China reached a temporary agreement to reduce reciprocal tariffs for 90 days.
The US reduced import tariffs from China from 145% to 30%
China reduced tariffs on US goods from 125% to 10%
The de minimis tax for low-value packages from China to the US decreased to 54% starting May 14, 2025
President Trump called this “a new beginning”, while President Xi Jinping emphasized that “no one wins in a trade war”.
The market reacted positively: S&P 500, Dow Jones, oil prices, and USD all increased.
However, this is just a temporary agreement - investors should be cautious in light of subsequent developments.
#USChinaDeal #TariffCut #Shein #DollarIndex #BreakingNews
Here’s a Binance Square-friendly version of the news:
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Certain Goods Exempt from Reciprocal Tariffs – What It Means for Global Trade
The White House has announced that some goods will be exempt from the new reciprocal tariffs recently imposed by President Trump. While major import categories face steep tariffs—34% on Chinese goods, 20% on EU products, and 24% on Japanese imports—sectors like pharmaceuticals and semiconductors will be spared.
This move aims to balance trade policies while protecting critical industries. However, businesses in sectors like electric vehicles, seafood, and toys warn that these tariffs could raise costs and impact the economy.
Additionally, the U.S. has ended the "de minimis" tariff exemption, which allowed Chinese platforms like Shein and Temu to ship low-cost goods to U.S. customers without tariffs. Starting May 2, 2025, all shipments from China will be subject to tariffs unless sent via the international postal system.
With these changes, global markets may see ripple effects on trade, crypto, and consumer prices. What’s your take? Could this impact stablecoins, cross-border payments, or crypto adoption in global trade? Drop your thoughts below!
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This version is crypto- and finance-focused, making it more engaging for Binance Square users. Let me know if you want any tweaks!
#Binance #Minimis #stablecin #Shein #Temu
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Certain Goods Exempt from Reciprocal Tariffs – What It Means for Global Trade
The White House has announced that some goods will be exempt from the new reciprocal tariffs recently imposed by President Trump. While major import categories face steep tariffs—34% on Chinese goods, 20% on EU products, and 24% on Japanese imports—sectors like pharmaceuticals and semiconductors will be spared.
This move aims to balance trade policies while protecting critical industries. However, businesses in sectors like electric vehicles, seafood, and toys warn that these tariffs could raise costs and impact the economy.
Additionally, the U.S. has ended the "de minimis" tariff exemption, which allowed Chinese platforms like Shein and Temu to ship low-cost goods to U.S. customers without tariffs. Starting May 2, 2025, all shipments from China will be subject to tariffs unless sent via the international postal system.
With these changes, global markets may see ripple effects on trade, crypto, and consumer prices. What’s your take? Could this impact stablecoins, cross-border payments, or crypto adoption in global trade? Drop your thoughts below!
---
This version is crypto- and finance-focused, making it more engaging for Binance Square users. Let me know if you want any tweaks!
#Binance #Minimis #stablecin #Shein #Temu
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