#TradeWarEases: Major Tariff Cuts Signal Easing US-China Trade Tensions

The United States and China have concluded two days of high-level trade talks in Geneva, resulting in substantial progress toward resolving ongoing trade tensions. Both sides have agreed to establish a new economic and trade consultation mechanism, with a joint statement expected to be released on May 12.

Key highlights:

• The US will cut tariffs on Chinese goods from 145% to 30% for 90 days.

• China will lower tariffs on US goods from 125% to 10% over the same period.

• Global markets have reacted positively, with BTC, ETH, and BNB prices all rising.

Discussion Points:

• How will these tariff reductions impact global markets and supply chains?

• Do you think this move marks the beginning of the end for the US-China trade war?

• What are your expectations for the upcoming joint statement?

Share your thoughts and join the conversation with #TradeWarEases