The U.S. and China have reached an agreement that will significantly reduce mutual import tariffs over a period of 90 days, marking an important de-escalation of their trade war.
U.S. Treasury Secretary Scott Bessent stated that both countries will reduce their reciprocal tariffs for 90 days.
The pause begins on May 14 and will last for 3 months.
The Chinese Ministry of Commerce stated that the agreement reached with the U.S. was an important step to "resolve differences" and "lay the groundwork to bridge differences and deepen cooperation".
Let’s hope that #BTC remains or rises above 105k and we see significant movements in altcoins.