#XRPETF Short-term financial market: Positive signals from US-China tensions

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

President Trump has reaffirmed his hardline stance: he will not reduce taxes on Chinese goods unless he receives 'beneficial concessions for the US'. 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 exorbitant 125% tariff, a move believed to be aimed at alleviating pressure from the domestic business community.