US-China Tariff Deal Boosts Global Trade & Crypto Markets

Following the Geneva agreement between the US and China that resolved trade tensions, both nations have enacted significant tariff reductions to boost global trade and fuel cryptocurrency market growth. The Chinese government lowered tariffs on US products from 125% to 10%, while the US administration reduced its tariffs on goods imported from China from 145% to 30%. These adjustments will remain in effect for ninety days.