China Reduces Tariffs on US Imports, Signaling Potential Trade Recovery

China announced a reduction in tariffs on US imports, dropping the rates from 34% to 10%, effective May 14, 2025. This move, as part of a reciprocal agreement with the U.S., is expected to positively impact economic relations between the two nations. The reduced tariffs may influence market sentiment across various sectors, including cryptocurrency where increased macroeconomic confidence could drive positive effects.