$BTC HOT NEWS: Announcement of the upcoming US-China trade agreement — Markets prepare for a big reaction

Global markets are in a state of suspense as the United States and China are said to have reached a preliminary trade agreement following tense negotiations in Geneva. While full details have yet to be made public, both sides have signaled that an official announcement is expected soon.

What we know so far

Significant progress reported: US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer described the talks with Chinese Vice Premier Le Loi Phong as achieving "significant progress," alluding to the ongoing easing of trade tensions.

Tariff reductions expected: There are signs that the US may lower tariffs on imports from China, which have reached levels as high as 145%, down to a range between 50% and 60%. China's retaliatory tariffs of 125% on US goods are also expected to be addressed in the upcoming agreement.

Market reaction: While awaiting the agreement, global markets have shown positive movements. Investors are optimistic that easing trade tensions will boost economic growth and stabilize international trade relations.