$BTC China will reduce tariffs on U.S. goods from 125% to 10%, and the U.S. will also reduce tariffs on Chinese goods from 145% to 30%. Moreover, these new tariffs will take effect in 90 days! This trade war is finally coming to an end!
Once this news broke, U.S. stocks surged tonight! Just think about it, when the tariffs were high before, many businesses struggled, corporate costs were high, and profits were low. Now that tariffs have been reduced, corporate costs go down, and profit margins increase. How could U.S. stocks not rise?
However, there are also some regrettable aspects. Tariffs can be eliminated, and the market can recover, but many people had to sell their stocks or clear their positions early due to the poor market conditions. Now, even if the market improves, those positions cannot be recovered, which is truly unfortunate.