#NewsTrade

Breaking news in the US-China trade front! The two countries have agreed to lower tariffs on each other's goods for 90 days. Here's the deal ¹:

- *US Tariffs on Chinese Goods*: Cut from 145% to 30%, with the 20% tariff imposed earlier this year remaining in place.

- *Chinese Tariffs on US Goods*: Lowered from 125% to 10% for the same 90-day period.

This move aims to ease trade tensions and potentially pave the way for further negotiations. China will also suspend or remove non-tariff countermeasures taken against the US since April 2, 2025. The agreement doesn't address all trade issues, though, with some tariffs remaining in place.

*Market Impact:*

- *Gold Price*: Plummeted over 3% due to reduced safe-haven demand as investors favor riskier assets.

- *Stock Market*: US futures surged 2.5-3%, while Chinese stocks rallied over 1%.

- *Oil Price*: Jumped over 2% to $62.50, anticipating increased demand.

- *Cryptocurrency*: The impact on crypto markets, including BTCUSDT, WIFUSDT, and DOTUSDT, is being closely watched.

This development could lead to increased economic activity and investment, but the outcome depends on future negotiations and policy decisions.