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$BTC BTC, ETH, Altcoins Spike as US and China Announce Temporary Tariff Cuts The agreement, delivered via a joint statement in Geneva, provides a 90-day window for both countries to negotiate further economic cooperation. Crypto markets rallied sharply on Monday after the United States and China announced an agreement to temporarily reduce tariffs on each other’s goods, signaling a cooling of trade tensions. The agreement, delivered via a joint statement in Geneva, provides a 90-day window for both countries to negotiate further economic cooperation, according to Bloomberg. According to the deal, the U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce duties on American goods from 125% to 10%. Global Markets, Crypto Surge on News The news sparked immediate reactions across global markets. The Hang Seng Index climbed 2.7%, while the Hang Seng Tech Index jumped 4.5%, reversing losses from the April 2 tariff escalation. The Bloomberg Dollar Spot Index also rose 0.3% as the U.S. dollar strengthened against the euro and yen $BTC $ETH
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#TradeWarEases Trade War Eases Between U.S. and China Recent high-level talks between the United States and China have led to a significant easing of trade tensions. Held in Geneva, the discussions were described as productive by both sides, with substantial progress made. While details remain limited, the two nations agreed to establish a framework for ongoing dialogue on trade and economic issues. U.S. officials see this as a step toward resetting bilateral relations, while China has shown willingness to open its markets further. Financial markets reacted positively, with U.S. futures rising and safe-haven assets like gold declining. Although the breakthrough is encouraging, analysts urge caution until concrete agreements are revealed. Still, the move signals a shared desire to reduce trade barriers and stabilize global economic ties.
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