Bitcoin Surges as US and China Slash Tariffs in 90-Day Deal

The United States and China have agreed to a 90-day tariff reduction on each other’s goods to de-escalate the ongoing trade conflict. The announcement, made on May 12, sees the US lowering its tariffs on Chinese imports from 145% to 30%. Meanwhile, China will reduce its tariffs on US goods from 125% to 10% for the same period. US-China Slash Tariffs, Bitcoin Reacts Fast The decision follows months of escalating trade tensions that have disrupted global markets and strained economic relations source: https://beincrypto.com/us-china-trade-war-tariff-cut-2025/