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U.S. and China Announce Major Breakthrough in Geneva Trade Talks
U.S. and China Announce Major Breakthrough in Geneva Trade Talks
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In a pivotal development for global markets, the U.S. and China have reached a consensus during trade negotiations in Geneva, signaling a thaw in economic tensions. U.S. Treasury Secretary Scott Bessent hailed the talks as a "significant breakthrough," though questions linger over unresolved tariff disputes and a $1.2 trillion trade deficit.
The agreement bolsters confidence in macroeconomic stability, a tailwind for risk assets including cryptocurrencies. While no digital assets were directly mentioned, progress in U.S.-China relations historically correlates with increased capital flows into alternative investments like BTC and ETH as hedges against fiat currency volatility.
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