$BTC China is going to reduce tariffs on American goods from 125% to 10%, and the United States will also reduce tariffs on Chinese goods from 145% to 30%. Moreover, these new tariffs will be implemented for 90 days! This tariff war is finally coming to an end!
As soon as this news came out, the US stock market surged tonight! Just think about it, when tariffs were high before, many businesses struggled, corporate costs were high, and profits were low. Now that tariffs are lowered, corporate costs decrease, and profit margins widen, how could the US stock market not rise?
However, there are also some regrettable aspects. Tariffs can be canceled, and the market can rebound, but many people sold their stocks or liquidated their positions early because the market was not good. Now, even if the market has improved, those positions cannot be recovered, which is truly a pity.