A new trade deal between the US and China has brought much-needed calm to global markets, with Bitcoin and Ethereum seeing gains amidst market relief. However, altcoins have experienced steeper corrections following the news of tariff adjustments. 🇺🇸🇨🇳
The agreement, announced by President Trump and U.S. Treasury Secretary Scott Bessent on May 11, 2025, comes after months of heightened tensions. The deal seeks to ease the trade imbalance between the two nations and create new opportunities for American businesses.
Following escalating tariffs that reached up to 145% on Chinese imports, China has temporarily suspended its retaliatory tariff plans, aiming for a calmer economic environment. However, investors remain cautious, with some capital flowing towards stablecoins as geopolitical tensions continue to impact the market. 📈
The deal is expected to bring ongoing adjustments in financial markets, including increased demand for stablecoins and potential impacts on mining hardware due to tariffs. Historical trends suggest that prolonged disputes can lead to disruptions in crypto operations. The trade deal marks a significant moment for global economic stability, but the full impact of this agreement will continue to unfold as markets adjust to these new dynamics.