$ETH Short-term financial market: Positive signals from US-China tensions
In a context where trade tensions between the US and China seemed likely to escalate again, the global financial market unexpectedly received positive signals.
President Trump has just reaffirmed his tough stance: he will not lower taxes on Chinese goods unless he receives 'beneficial concessions for the US.' However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting some imported goods from the US from the exorbitant 125% tariff, a move believed to be aimed at alleviating pressure from the domestic business community.
In a context where trade tensions between the US and China seemed likely to escalate again, the global financial market unexpectedly received positive signals.
President Trump has just reaffirmed his tough stance: he will not lower taxes on Chinese goods unless he receives 'beneficial concessions for the US.' However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting some imported goods from the US from the exorbitant 125% tariff, a move believed to be aimed at alleviating pressure from the domestic business community.