#TradeWarEases Recent news about the US and China easing trade tensions. Here's what's happening
- Tariff Truce: The US and China have announced a 90-day tariff truce, with the US slashing tariffs on Chinese imports from 145% to 30%, and China cutting tariffs on US goods from 125% to 10%.
- Market Reaction: This move has led to a positive market sentiment, with stocks and cryptocurrencies like Bitcoin seeing significant gains. Bitcoin even jumped past $105,000 after the announcement.
- Trump's Stance: Former President Donald Trump is set to sign a landmark executive order, which might bring significant changes in regulation, economy, or digital assets. His policies could lead to a massive economic boom, driving markets up before the election.
Some possible outcomes of this trade deal include :
- Bull Run: A potential Trump-powered bull run, with markets continuing to climb.
- Market Volatility: However, Trump's tariff policies have also led to market volatility in the past, with global stock markets experiencing significant declines.
Investors are weighing in, with some predicting a surge in the S&P 500. Goldman Sachs predicts the S&P 500 will climb 9% to 6300 in the next 12 months, driven by robust earnings growth.