USA and CHINA: is the agreement coming that will drive markets, Bitcoin and crypto? All the details revealed HERE
First agreement between China and the USA at least according to American sources. Bullish news for the markets!
Gianluca Grossi12/05/25 10:47EconomyComment
UPDATE: the agreement will last for 90 days and will involve reduced tariffs on Chinese goods at 30% and at the same time 10% tariffs on American goods entering China. The agreement includes, according to what Bessent indicated, a 'trial' period of 90 days.
From the USA comes a first white smoke. According to what was released by the Department of Commerce and the White House, a meeting point with China has been reached.
It is worth noting, however, right from the start that there seem to be slight discrepancies between the title of the announcement and its content. While the title indeed speaks of an agreement reached, the body of the statement talks about significant progress, with details expected to arrive today, according to the same announcement.
Bitcoin – which you can buy here with a PAC – and crypto have reacted well to the news, only to experience a day of lateral movement during the Asian session. What will likely make the difference for today will be the performance during the USA session, which will also need to be evaluated in light of any revelations regarding the terms of the aforementioned agreement.
