PREMIUM CONTENT

U.S. and China Agree to Cut Tariffs, Easing Trade Tensions

The U.S. and China have agreed to significantly lower tariffs, marking a shift from confrontation to cooperation between the world’s two largest economies.

Highlights from the Geneva talks:

The U.S. will reduce its tariff on Chinese goods from 125% to 10%.

A separate 20% tariff on fentanyl-related products will remain in place.

China will lower its retaliatory tariffs from 125% to 10%.

These cuts are temporary, set to last 90 days while negotiations continue.

Market reaction was immediate:

The S&P 500 looks set to recover its losses since April.

Nasdaq-100 futures surged more than 3.5%.

Major tech stocks like Amazon, Apple, and Tesla jumped in premarket trading.

The U.S. dollar and bond yields also climbed.

The trade war had severely disrupted U.S.-China trade and weighed on global businesses. This deal has renewed hopes of avoiding deeper economic damage.

Are we ready for risk-on $BTC ?

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