#TradeWarEases
BREAKING: U.S. & China Slash Tariffs in Major Trade War De-Escalation!
In a landmark move, the U.S. and China have agreed to cut reciprocal tariffs for 90 days, offering a temporary truce in their trade war. Here’s the breakdown:
- 🇺🇸 U.S. tariffs on Chinese goods drop from 145% to 30% (including a separate 20% levy tied to fentanyl concerns) .
- 🇨🇳 China’s tariffs on U.S. imports fall from 125% to 10% .
- Both nations aim to resume negotiations, with the White House emphasizing “mutual respect” and cooperation .
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Market Reactions:
📈 Crypto Surge: Bitcoin holds strong above $104,000, nearing $105K as analysts eye a potential “parabolic move” in its ongoing bull cycle. Altcoins and memecoins also rally, with some tokens up 10–30% in 24 hours .
📊 Stocks Rebound: The S&P 500 jumps 1.7%, led by Tesla (+10%) and Boeing after earnings beats. Soybeans and cattle futures also climb .
📉 Gold Plummets: Safe-haven demand dwindles, sinking gold prices by ~2.5%. Major miners like ZHAOJIN MINING drop 7%+ .
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What’s Next?
- 🔥 CPI Data Tomorrow: U.S. inflation figures could sway markets further .
Bitcoin Conference: U.S. VP JD Vance is set to speak at a major crypto event, adding fuel to the digital asset rally .
Investors are cautiously optimistic, but volatility remains high. Stay tuned! 🌍💹
#TradeWarEases #Bitcoin #Stocks #Gold #Markets #Crypto #Investing
(Sources: Coinpedia, In-Cyprus, AInvest, AAStocks, LinkedIn)#TradeWarEases
