#ETH5kNext? #DeFiGetsGraded #CPIWatch #ETHOvertakesNetflix China & U.S. Extend 24% Tariff Suspension – Market Breathes a Sigh of Relief
The U.S. and China have agreed to extend the suspension of 24% tariffs on each other’s goods for another 90 days, starting August 12, 2025. A reduced 10% tariff will still apply.
Why it matters for traders:
Global stocks & commodities could see short-term stability as supply chain costs ease.
Safe-haven assets like gold might face slight downward pressure as trade tensions cool.
Crypto markets may benefit from improved global risk sentiment, with Bitcoin ($BTC ) and Ethereum ($ETH ) potentially seeing stronger buying momentum.
Both sides say the pause is to allow for further negotiations and to avoid an escalation that could hurt both economies. While the extension is temporary, it’s a positive sign for global markets.
Keep an eye on market sentiment — a smooth negotiation could push risk assets higher, while any breakdown could trigger sudden volatility.
