U.S. Temporarily Cuts Tariffs on Chinese Goods: A Boost for Crypto Markets?

The U.S. has agreed to temporarily reduce tariffs on goods from China, offering a cautious dose of optimism in global markets, including cryptocurrencies. After months of intense negotiations between the two countries, progress was made towards resolving trade disputes. These discussions resulted in a 90-day truce where tariffs will be lowered until August 2025. This agreement marks a significant step toward easing tensions and fostering market stability.