U.S. and China Agree on 115% Tariff Reduction
On May 12, 2025, President Donald Trump and Chinese representatives struck a landmark trade agreement in Geneva, committing to a substantial reduction of tariffs between the two nations.
This reduction aims to ease ongoing trade disputes and stabilize markets, though its effects on cryptocurrency markets remain unclear.
U.S. and China Slash Tariffs by 115%
On May 12, 2025, a significant trade deal was announced by the U.S. and China. This agreement featured mutual tariff reductions amounting to 115% on each other’s goods.
The deal marks a shift from the increased tariffs initiated by President Trump in early April. Both countries have agreed to retain a 10% tariff for now.
Temporary 90-Day Trade Relief Amid Tense Talks
While this agreement is framed as a win for the U.S., it’s intended only as a temporary 90-day solution, ending on August 12, 2025. Further negotiations are anticipated.
The financial markets seem optimistic about the easing tensions but lack direct reactions in the cryptocurrency sector due to the absence of related mentions in the deal. Historical data would provide precedent expectations.
Past U.S.-China Deals Shape Economic Outlook
Past U.S.-China trade agreements have led to unpredictable economic outcomes. This deal’s temporary nature reflects on previous temporary arrangements with notable economic repercussions.
According to Kanalcoin insights, any potential outcomes will depend heavily on further negotiations. Experts suggest remained caution, citing historical trends and data as essential factors in market analyses.
“This historic trade win for the United States marks a significant step forward in our relationship with China.” – President Donald Trump
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The post U.S. and China Agree on 115% Tariff Reduction appeared first on Kanalcoin.
Filed under: News - @ May 18, 2025 9:29 am