U.S.-China Trade Agreement Announcement and CPI Data Release Sparks Bitcoin Market Response
Trump's Truth Social post sends a shockwave as he shares USA and China nearing a trade deal! The proposed tariff percentages? A whopping 55% for the States and a modest 10% for the Middle Kingdom.
Trump's tweet also highlights a solid relationship between the two economic giants, with Chinese scholars continuing their academic pursuit in American universities - a long-standing tradition that's always been okay by DT.
However, the "55% tariff" statement has left investors scratching their heads, eagerly awaiting further clarification. Will Trump clear the air soon? Only time will tell!
This agreement, forged in just two days during the London talks last Monday, is hanging in the balance, awaiting approval from the Chinese President Xi Jinping and none other than Trump himself. It seems our POTUS is thrilled with the deal's terms.
Remember the US CPI data release on May? Well, it showed inflation rates lower than anticipated - a mere 2.4% annual rate with a monthly increase of 0.1%. So don't fret, folks, as it appears the tariffs aren't causing undue havoc on our economy, for now, at least.
In response to these news bites, Bitcoin's price skyrocketed rapidly, reaching nearly $110,000, but unfortunately, it couldn't keep the upward momentum and settled around $400 away from the upper boundary.
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[1] " White House official announces new trade deal details." Politico, 2025.
[2] "New US-China trade deal terms revealed." CNN, 2025.
- As the US-China trade deal is still pending approval, the crypto market is showing signs of volatility, with Bitcoin's price reaching nearly $110,000 post the announcement, but failing to sustain the surge.
- The proposed 55% tariff on US goods has sparked intense scrutiny from investors who are eagerly waiting for Trump's clarification on the matter, as they navigate the complexities of global finance and trading.
- In the midst of political and financial uncertainties, business enthusiasts and crypto traders alike can expand their horizons by exploring trading platforms like Binance, eligible for a sign-up bonus of $600.
- Meanwhile, General-news outlets like Politico and CNN closely monitor the unfolding developments in the USA-China trade negotiations, the potential effects on the economy, and its implications for the overall business and finance landscape, including the cryptocurrency market.
