$ETH Short-term financial market: Positive signals from US-China tensions

In the context of what seemed like a resurgence of US-China trade tensions, the global financial market unexpectedly received positive signals.

President Trump has reaffirmed his tough stance: he will not reduce tariffs on Chinese goods unless he receives 'concessions beneficial to the US.' However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting certain imported goods from the US from the exorbitant 125% tariffs, a move believed to alleviate pressure from the domestic business community.