JUST IN: US & China Slash Tariffs for 90 Days, Bitcoin Soars to $105,500
In a groundbreaking move, the U.S. and China have agreed to temporarily cut tariffs for 90 days, signaling a possible thaw in their ongoing trade tensions. The U.S. slashed tariffs from 145% to 30%, while China reduced its rates from 125% to 10%.
The announcement triggered an immediate rally in global markets, with Bitcoin ($BTC) surging to an all-time high of $105,500. Analysts cite improved investor sentiment, increased liquidity, and optimism around global trade as key drivers of the crypto spike.
Equity and commodity markets also jumped on the news, reflecting hopes for a broader economic boost. While the deal is temporary, both nations hinted at the potential for a longer-term agreement if progress continues.