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

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

President Trump has just reaffirmed his tough stance: he will not reduce taxes 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 excessively high 125% tariff, a move believed to be aimed at reducing pressure from the domestic business community. $ETH