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US and China Slash Tariffs, Boosting Global Trade and Crypto Markets
US and China Slash Tariffs, Boosting Global Trade and Crypto Markets
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The United States and China have reached a trade agreement in Geneva, leading to significant tariff reductions. China will lower tariffs on US-origin products from 125% to 10%, while the US will reduce tariffs on Chinese imports from 145% to 30%. These adjustments will remain in effect for 90 days.
The move signals a pause in retaliatory tariff cycles, driven by global inflation pressures and rising production costs in China. Reduced trade barriers are expected to stimulate global commerce, with potential ripple effects in cryptocurrency markets as investor sentiment improves.
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