USAMutual steps were taken after the announcement of an agreement in Geneva after the trade talks with China. Chinese governmentUS -based customs tariffs applied to 125 percent of the decision to reduce the decision to reduce. On the other side, the Washington administration, Chinese‘from 145 percent to 30 percent of the customs imposed on products imported from the products announced. These regulations will be valid for 90 days.
US and China reduced mutual customs tariffs
Beijing’s decision to take the tariffs of 125 percent to 10 percent means that the retaliation cycle, which has been ongoing for a long time, has been suspended. Among the biggest factors behind the decision global inflationFlour profitability suppresses and increased production costs in the Chinese domestic market. In addition, at a time when international brands tend to maintain the cost advantage instead of carrying production facilities in China, the regulation may provide a breath.
Washington administration In order to control imports from China, the tariffs implemented from 145 percent to 30 percent by decreasing an important step.
China has reduced 125 percent to 10 percent customs tariffs with the US -to -14 percent of the United States, the tariffs that have reduced from 30 percent to the global supply chain have the potential to reconstruct balances. These steps taken by both countries in line with their economic and political priorities have the potential to eliminate the uncertainties in the markets in the short term.
US-China Trade Agreement worked for Bitcoin and Altcoins
With the announcement of the US-China Trade Agreement and the mutual concrete steps were taken, the crypto currency market was mobilized. The biggest crypto currency Bitcoin (BTC) $104,489.94 After the news that China has reduced customs tariffs, a serious recovery of up to 106 thousand dollars from the level of 104 thousand dollars with an increase of 1.88 percent.
Altcoin King Ethereum (ETH) 
$2,515.72 With an increase of 2.86 percent in the last 24 hours, it rose to 2 thousand 568 dollars. altcoinThere were also significant rise in the s.
On the other hand, the total value of the crypto currency market increased by 2.13 percent in the same period to $ 3.40 trillion. Experts under the influence of positive news flow crypto currencyIt predicts that the rise in the s will continue.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
