☑️ Good or bad news for Coin #xrp #BTC 👇

The US may continue to raise taxes, and China will respond with equivalent measures. Then, the US raises again, and China reacts once more. But by this point, the retaliatory actions are mostly symbolic as the tax levels have become so high that businesses on both sides can hardly continue to cooperate in trade.

While public opinion is drawn to President Trump's posts on TruthSocial and statements from the Chinese government, both economies are suffering severely.

However, the real battle is not among politicians but between the US Federal Reserve (Fed) and the People's Bank of China (PBOC).

The PBOC has entered the ring, while the Fed is still standing outside observing.