🚨🚨🚨 Trump: The deal with China is finalized... and tariffs on China reach 55%
#1 26% could rise to 55%
Donald Trump announced on Truth Social that the United States and China have reached a final agreement regarding a vast trade deal.
He stated:
"President Xi and I will sign, the deal is ready."
What are the details of the agreement?
• The United States will obtain rare and strategically important metals from China.
• In exchange, China will receive guarantees, including the opportunity for its students to pursue their studies at American universities.
• The tariffs that the United States will impose on China will amount to 55%, while China will only impose 10% on American imports.
What does this mean for the markets?
• The return to an agreement between the two countries paves the way for a temporary stabilization of global trade markets.
• But the high level of tariffs shows that the trade war is not really over.
• The markets, particularly cryptocurrencies and tech stocks, could react unpredictably.🚨🚨#TrumpTariffs #USChinaTradeTalks #BTC