😉 U.S. and China Reach Trade Agreement: Tariff Cuts and Market Rally
The White House has officially announced a deal with China following negotiations in Switzerland. The two sides managed to narrow their differences and agreed on measures to reduce the trade imbalance.
Key terms:
🌑The U.S. will cut tariffs on Chinese goods from 145% to 30%
🌑China will reduce tariffs on American products from 125% to 10%
🌑The preferential terms will last 90 days — during this period, both sides will continue finalizing the deal’s details.
📈Market reaction:
$BTC surged past $105,000 amid the positive news.
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