$BTC Latest Updates (June 2025):

* Temporary Ceasefire and Tariff Reduction: In mid-May, both sides reached a "ceasefire" for 90 days in Geneva, during which tariffs were significantly reduced:

* The United States reduced its tariffs on Chinese products from 145% to 30%.

* China reduced its tariffs on American imports from 125% to 10%.

* China also promised to lift restrictions on rare earth metal exports.

* Mutual Accusations of Ceasefire Violations:

* The United States accuses China: After the agreement, the United States accused China of not adhering to its promises, especially regarding the lifting of restrictions on rare earth metal exports.

* China accuses the United States: China accused the United States of violating the agreement by halting the sale of computer chip design software to Chinese companies, warning against the use of Huawei chips, and canceling Chinese student visas.