$BTC #TradeWarEases In a surprising move, the United States and China announced an agreement to significantly reduce mutual tariffs for 90 days, indicating a de-escalation of the trade war between them. The two countries agreed in a joint statement to lower the triple-digit tariffs to double digits, while negotiations continue.

The Chinese side welcomed this progress, describing it as "in the interest of both countries and the common interest of the world," expressing hope that Washington will continue to work with Beijing "to correct the wrong practice of unilateral tariff increases."

This announcement comes after months of escalating tensions that raised concerns about a slowdown in global economic growth and renewed inflation. Financial markets are closely watching the developments of these negotiations and their potential impact on trade.