US-China Tariff Reductions Spark Global Risk appetite

A recent agreement between the US and China to reduce tariffs has ignited a surge in global risk-taking, as investors embrace opportunities for growth. The move lowered U.S. tariffs on Chinese goods to 30%, while China reduced its tariffs on American products from 125% to 10%. This impactful reduction led to a notable 3% rise in US stock markets on May 12th. Initially, Bitcoin and Ethereum experienced a slight dip but stabilized at $103,000 and $2,400 respectively.