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#TradeWarEases Share markets jumped on Monday after President Trump said weekend talks had resulted in a "total reset" in trade terms between the US and China, a move which goes some way to defuse the high stakes stand-off between the two countries. The talks in Switzerland resulted in significant cuts to the tit-for-tat tariffs that had been stacked up since January on both sides. The US will lower those tariffs from 145% to 30%, while China's retaliatory tariffs on US goods will drop to 10% from 125%. President Trump told reporters, that, as some of the levies have been suspended rather than cancelled altogether, they might rise again in three months time, if no further progress was made. However, he said he did not expect them to return to the previous 145% peak. "We're not looking to hurt China," Trump said after the agreement was announced, adding that China was "being hurt very badly". "They were closing up factories. They were having a lot of unrest, and they were very happy to be able to do something with us." He said he expected to speak to Chinese President "maybe at the end of the week". #TradeWarTruths $ETH $XRP $BNB

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$BTC Bitcoin regains its strength and surpasses important resistance levels, indicating new upward momentum in the market.

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#TradeWarEases Recent developments in the U.S.-China trade war suggest a potential de-escalation. Top officials from both nations met in Geneva, Switzerland, starting May 10, 2025, to address the trade conflict sparked by President Trump's tariffs, which imposed a 145% duty on Chinese goods, prompting China's 125% retaliatory tariffs. Trump described the talks as a “total reset” in trade relations, with U.S. Treasury Secretary Scott Bessent reporting “substantial progress” and China's Vice Premier He Lifeng calling the discussions “candid” and significant for global economic stability. Key points: • The U.S. aims to reduce its $295 billion trade deficit with China and push for changes in China’s economic model, while China seeks lower U.S. tariffs and clarity on desired imports. • Reports indicate the U.S. may lower tariffs to around 60%-80%, with China considering exemptions on certain U.S. goods to ease tensions. • Financial markets reacted positively, with U.S. stock futures rising on hopes of avoiding a worst-case scenario. • Analysts remain cautious, expecting a “ceasefire” rather than a full resolution, with non-trade issues like fentanyl and geopolitics complicating talks. While progress is noted, distrust persists, and a comprehensive deal remains uncertain. The talks, continuing into May 12, 2025, are a critical step, but both sides face domestic pressures and differing priorities.

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There’s been a lot of talk online that Donald Trump might have blacklisted XRP, but what’s the truth? Let’s break it down. On March 2, 2025, President Trump posted a statement on social media announcing his support for the U.S. “crypto strategic reserve” that would include XRP, Solana, and Cardano. In the post, he criticized the Biden administration’s handling of crypto and pledged to make the U.S. the global crypto leader. However, less than 24 hours later, the post was deleted. According to a various reports, Trump may have been misled into making the announcement by a lobbyist named Brian Ballard, who reportedly gave Trump the wording for the post. Ballard is said to have ties to Ripple Labs, the company behind XRP. Once Trump found out about the connection, he was reportedly furious and cut ties with Ballard. Despite this incident, there is no official statement or evidence that Trump has “blacklisted” XRP or that the digital asset is under any kind of ban or restriction from Trump or his team. It appears more like a misunderstanding and personal frustration rather than a formal policy stance. For the unversed, Ripple has had past political connections, including donations to Trump-aligned political committees. Ripple’s Chief Legal Officer and CEO have both reportedly met with Trump in the past. So, while the deleted post and Trump’s reaction have caused a stir, XRP is not blacklisted, and there is no sign of a formal fallout. In fact, the coin continues to perform in the market, and some analysts still see it as a strong contender in the current crypto cycle. $XRP #XRP’

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