White House Eyes Major Tariff Cuts on Chinese Imports — Markets React
The U.S. administration is reportedly considering slashing tariffs on Chinese goods by 50% to 65%, aiming to ease tensions between the two global economic giants, according to The Wall Street Journal.
Market Reaction:
Wall Street cheered the news —
S&P 500: +3%
Nasdaq: +3.5%
DXY (U.S. Dollar Index): Still down 0.4%, sitting at 99.25 after a partial recovery.
Crypto Angle:
Interestingly, Bitcoin is holding steady at $93,000, showing little to no reaction to the trade-related news — a sign of the asset’s growing independence from traditional market narratives?
What do you think — is BTC becoming a true safe haven, or just biding its time?
