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

In the context where it seemed that US-China trade tensions would escalate again, 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 United States.' However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting some imported goods from the US from the extremely high 125% tariff, a move believed to be aimed at reducing pressure from the domestic business community.