#TradeWarEases On May 12, 2025, the United States and China agreed to a 90-day truce in their escalating trade war, significantly reducing tariffs to facilitate renewed negotiations. The U.S. lowered tariffs on Chinese goods from 145% to 30%, while China reduced its tariffs on U.S. goods from 125% to 10% . This development led to a surge in global equities and commodities, with the S&P 500 futures climbing nearly 3% .

In the crypto market, Bitcoin briefly rose to $105,500 before settling around $104,242, marking a 0.7% drop over the previous 24 hours. Ether increased by 1.4%, Solana by 0.8%, and XRP surged 7.6% . Despite these gains, analysts caution that further upward movement may face resistance due to profit-taking and potential policy shifts