Easing Trade Tension Bolsters Crypto Sentiment After Trump-Xi Meeting

President Trump announced a reduction in US tariffs on Chinese imports to 47 percent, down from 57 percent. This follows a meeting between President Trump and President Xi Jinping where they reportedly reached a mutually agreeable outcome. The move included halving duties for fentanyl-related products and easing restrictions on rare earth materials. Meanwhile, China resumed large soybean purchases from the US.