🤝US-China Deal
Today, China and the US will release a joint statement reached during two days of trade talks in Geneva over the weekend. When asked when exactly the joint statement would be released on Monday, Li Chenggang, China’s international trade negotiator and vice minister of commerce, responded with a Chinese proverb:
🗣“As long as the dish is delicious, time doesn’t matter. No matter when the statement is released, it will be big and good news for the world.”
😯There are rumors of zero tariffs between China and the US, but it will likely be a tariff pause, like with the UK.
💊President Trump to sign executive order to cut prescription drug prices by up to 80%. Analysts predict a collapse in pharmaceutical stocks.
🐳Large holders continue to buy BTC. Wallet holders of 1,000 to 10,000 BTC are often mining companies, hedge funds, and institutions that have experience identifying market trends early.
