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

In a context where US-China trade tensions seemed poised to escalate again, the global financial market unexpectedly received positive signals.

President Trump has just reaffirmed his hardline stance: he will not lower tariffs on Chinese goods without receiving 'favorable concessions for the United States'. However, what is noteworthy is that China is taking a softer approach. According to Reuters, Beijing is exempting some imported goods from the US from the staggering 125% tariff, a move seen as an effort to alleviate pressure from the domestic business community.