US-China Tariff Rollbacks Boost Global Sentiment
In a joint statement issued in Geneva, the US and China confirmed a 90-day tariff rollback:
China will roll back tariffs on US goods from 125% to 10%
US will roll back tariffs on Chinese goods from 145% to 30%
“Tariff rollbacks could see a broader return to risk-on,” said Mena Theodorou, co-founder of Coinstash, in a statement to CoinDesk.
“Cryptocurrencies and stocks are poised to benefit from renewed investor confidence and global capital flows.”