#TradeWarEases

📰 Trade Tensions Decrease: The US and China Are Close to an Agreement

US Treasury Secretary Scott Bessen has announced that "significant progress" has been made in negotiations aimed at reducing the US trade deficit with China. This agreement aims to reduce the trade tensions caused by the 145% tariffs imposed by the US on Chinese goods and the 125% retaliatory tariffs from China.

These negotiations are considered an important step towards easing the trade war that has negatively impacted the global economy.

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📉 Signs of Easing in the Chinese Economy

In China, the consumer price index (CPI) decreased by 0.1% year-on-year in April, while the producer price index (PPI) fell by 2.7%. This is the largest decline in the last six months and indicates the impact of the trade war on the Chinese economy.

However, officials from the US and China have reported progress in trade negotiations and that an agreement could be reached soon.

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🌐 Global Markets and Cryptocurrency Reaction

The decrease in trade tensions has increased investors' risk appetite and created a positive sentiment in global markets. This has also impacted the cryptocurrency market, leading to an increase in the value of Bitcoin and other digital assets.