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JUST IN: Michael Saylor's 'Strategy' buys 13,390 Bitcoin worth $1.34 billion. $BTC
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#TradeWarEases Overview of the US-China Trade Agreement.... Major Tariff Reductions: In a significant move, the United States has agreed to reduce tariffs on Chinese goods from 145% to 30% over the next 90 days. In return, China will lower its tariffs on U.S. goods from 125% to just 10%. (Source: Financial Times) 2. New Economic Dialogue Platform: Both countries will establish a new economic dialogue mechanism aimed at fostering long-term cooperation and addressing deep-rooted structural issues in their trade relationship. (Source: Reuters) 3. Positive Market Response: Global financial markets reacted positively to the news. S&P 500 futures rose by 2.8%, the U.S. dollar strengthened by 0.7%, and gold prices declined by 2.3%. (Source: Financial Times) 4. Background Context: Earlier in 2025, the U.S. had raised tariffs on Chinese imports to as high as 145%. China responded with its own tariffs of up to 125% on American goods, escalating trade tensions. This agreement marks a turning point in efforts to ease the conflict.
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