#MarketPullback BREAKING MACRO NEWS: U.S. & China Announce Major Deal (Risk-On?)
Heads up, Feed! Major geopolitical news just crossing the wire from the meeting between President Trump and President Xi.
This looks like a significant Risk-On (R/ON) event. Markets (including crypto) will likely react strongly to this level of de-escalation.
Here are the key announcements:
🇺🇸🇨🇳 Tariff Rollbacks: Fentanyl-related tariffs cut to 10% immediately. The overall tariff rate on Chinese goods is being lowered from 57% to 47%.
🤝 Tech & Chips: China will reportedly open talks with Nvidia to discuss chip restrictions.
🌍 Supply Chain: Barriers on the export of crucial rare earth minerals will be removed.
🕊️ Geopolitics: Joint U.S.–China cooperation on the situation in Ukraine was discussed.
My Take:
This is a massive macro-driver. A thaw in the U.S.-China trade war and cooperation on this scale is extremely bullish for global markets. Lower tariffs and open supply chains could ease inflationary pressures.
Keep a close eye on $BTC and $ETH. If equities and futures pump on this news, we could see a strong follow-through in crypto. Stay vigilant and manage your risk!
Disclaimer: This is breaking news, not financial advice. Information is still developing. Always DYOR.
#Macro #TradeWar #BTC #Bitcoin #RiskOn #NFA #DYOR #CryptoNews #USChina #BreakingNews
