$BTC President *Donald Trump* announced a *historic trade agreement* with China, which includes a *115% reduction in tariffs* while maintaining a *10%* baseline on Chinese imports, aimed at boosting American trade and reducing the trade deficit. $BTC

*Key points regarding the new tariffs:*

🔹 *Tariff reduction:* The United States and China have agreed to reduce tariffs by *115%*, while maintaining a *10%* minimum to ensure the protection of domestic industry.

🔹 *Cancellation of retaliatory measures:* China will remove the retaliatory tariffs it imposed since *April 2025*, while the United States will suspend some additional tariffs imposed during the same period.

🔹 *Economic impact:* These changes are expected to *stimulate financial markets*, as the *Nasdaq saw a 1.6% increase* following the announcement of the agreement.

🔹 *Reactions:* The agreement has been welcomed by the *U.S. Treasury Department*, with Secretary *Scott Piesen* describing it as a step towards rebalancing trade between the two countries.