$BTC China is set to reduce tariffs on US goods from 125% to 10%, and the US will also reduce tariffs on Chinese goods from 145% to 30%, and these new tariffs will be enforced for 90 days! This trade war is finally coming to an end!
As soon as this news broke, US stocks surged tonight! Just think about it, when tariffs were high before, many businesses struggled, costs were high, and profits were low. Now that tariffs are reduced, business costs decrease, and profit margins increase, how could US stocks not rise?
However, there are also some regrets. While tariffs can be lifted and markets can rebound, many people sold their stocks early or cleared their positions due to poor market conditions. Now, even if the market improves, those positions cannot be regained.