China Implements Tariff Reduction on U.S. Goods: Implications for Trade and Crypto Markets

China has made significant changes to its import tariff structure, lowering rates on goods from the United States starting May 14, 2025. This shift represents a tentative step toward easing trade tensions between the two countries and could have both immediate and long-term impacts. The move involves reducing tariffs from 34% to 10%. While businesses involved in U.S.-China trade may benefit from lower costs, this reduction is only temporary with a 90-day suspension period. This creates potential for volatility as the long-term tariff arrangement remains unclear.