#TrumpTariffs On Wednesday, equity markets bounced back after U.S. President Donald Trump announced that officials from the U.S. and China had come to terms on a trade agreement. Bitcoin ticked up by 0.5%, and the crypto economy expanded to $3.46 trillion.
Equities Surge, Crypto Market Nears $3.5T After Trump’s Trade Power Play
Optimism spread through markets on June 11 as inflation showed signs of restraint, with the U.S. Labor Department reporting just a 0.1% increase in May’s consumer price index (CPI). To some observers, the modest uptick in inflation hints that Trump’s tariffs might be having a gentler impact on the market than many had anticipated. Adding to the upbeat mood, Trump confirmed that trade discussions with China had ended on a high note, saying the negotiations in London were a success