#TradeWarEases

A little while ago, the details of the trade agreement with China were announced

and my dear Abu Ivanka did not let us down and did exactly as we asked him

America reduced tariffs on China to 30%

and China reduced tariffs on America to 10%

Bring it on, Pasha, and give us a new peak for Bitcoin, may you live long, and a season of currencies

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 three-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 rising tensions that raised concerns about a slowdown in global economic growth and renewed inflation. Financial markets are closely monitoring the developments of these negotiations and their potential impact on global trade.