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

Amid expectations that US-China trade tensions would escalate again, the global financial market unexpectedly received positive signals.

President Trump has reaffirmed his tough stance: he will not reduce taxes on Chinese goods without receiving 'beneficial concessions for 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 high tariffs of 125%, a move believed to reduce pressure from the domestic business community.