Breaking news, good news is coming, paving the way for a big | 看不懂的sol on Binance Square

看不懂的sol

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Breaking news, good news is coming, paving the way for a big bull🇺🇸 The United States will reduce tariffs on Chinese products from 145% to 30% (for 90 days)
🇨🇳 China will reduce tariffs on American products from 125% to 10% (for 90 days)
To be honest, when I saw "24% tariffs directly suspended for 90 days, only keeping 10%", the bulls went wild. After all, in the past two years, Sino-US economic and trade relations have been like a long tug-of-war, and suddenly such a straightforward "handshake" feels a bit surreal.
But the reality is both magical and real. The US side issued a statement announcing the suspension of the high tariffs of 24% on Chinese goods, and China immediately followed suit, mirroring the action by simultaneously suspending the 24% tariffs, only keeping 10%. Moreover, the key point is that both sides also announced the cancellation of a series of recent additional tariff measures and non-tariff countermeasures at the same time. This level of synchronization really makes one wonder if it was pre-arranged?
Don’t think this is just a "small matter" for the two countries' economies. Simply put, the world economy and global asset markets can take a breather for now. The tense atmosphere of the trade war has eased slightly, and the pressure on global markets has lessened significantly. But remember, this buffer period is only a short 90 days, and we’ll have to see how both sides continue to communicate afterwards.
As mentioned this morning, the fundamentals of the raging bull have gradually taken shape!

看不懂的sol

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The China-U.S. talks went surprisingly smoothly, and the fundamentals of the raging bull market are gradually taking shape!
Just now, China and the U.S. made a statement regarding tariff differences during negotiations in Geneva, with both sides believing they have reached a friendly consultation and come to some consensus, and will issue a joint statement later today.

This is the first face-to-face consultation between the two sides since Trump took office.

Here is a summary of the negotiation details based on existing information:

Core Issues and Positions of the Negotiation
1. The Bottom Line for China:
Demanding the U.S. lift all new tariffs, opposing the exchange of tariff reductions for political conditions (such as the fentanyl issue).

Maintaining the autonomy of export policies for rare earths and critical minerals, rejecting external interference.

Safeguarding industrial subsidies, technological autonomy, and development in key areas.

Insisting on resolving disputes based on the WTO and opposing the U.S. unilateral mechanism.

The policy on the RMB exchange rate and the pace of financial opening are to be controlled autonomously by China.

2. The U.S. Position:

Proposing to reduce tariffs from 145% to 80% (later reports suggest a reduction to the initial 34%), but requiring China to cooperate on trade balance and the fentanyl issue.

Emphasizing the policy of 'reciprocal tariffs,' attempting to force China to reduce the trade deficit through high tariffs.

The U.S. is unwilling to lift tariffs before negotiations, trying to maintain a pressure stance.

Progress of the Negotiation
First-day talks (May 10): The two sides conducted over 10 hours of closed-door consultations, with no specific progress disclosed. The negotiation atmosphere was tense, with both sides trying to avoid being seen as the compromising party.

Progress on the second day (May 11): Negotiations continued, with Trump proposing to reduce tariffs to 80% based on 'truth' (later media reported 34%, but there was no immediate response from China. The two sides continued dialogue under the auspices of the Swiss ambassador to the UN, with the atmosphere somewhat easing compared to the first day.

Results: On May 12, both sides announced that the negotiations achieved 'substantial progress,' agreeing to establish a long-term trade consultation mechanism led by He from China and Besant from the U.S. China committed to promoting the reduction of the trade deficit, and both sides issued a joint statement expressing their willingness to ease the situation.

Specific details of the agreement were not made public, but U.S. Treasury Secretary Besant stated that the negotiations were 'productive,' hinting that more content would be announced later.

Some analyses suggest that U.S. tariffs may be reduced to 50% or lower, but this has not been officially confirmed.

Talking is better than not talking, and the fundamentals of the raging bull market are gradually taking shape!

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.