Recent agreements between the US and China on tariffs raise questions about the state of global trade and the potential end to the trade war.
Global Trade War
Following the introduction of high tariffs at the beginning of April, the US signed its first agreement with the UK and reached a temporary deal with China. Progress in negotiations with China has sparked hopes for a resolution of the tariff issue, reflected in market movements and prices for Bitcoin and altcoins.
Impact of New Tariffs
It is expected that starting May 12, attention will be focused on the adjustments to the rates on imports from China, deemed acceptable in negotiations. The US plans to reduce tariffs on imports from China to 30%, while China's tariffs on US imports will decrease to 10%.
Is the Trade War Over?
Despite the agreements reached and rate reductions, some analysts assert that zero tariffs will not be achieved. The US Treasury Secretary emphasizes that these measures lead to economic decoupling, reducing dependency on Chinese imports.
The current situation suggests that the trade war is not over, although the agreements reached may promote more stable relations. Global trade continues to adapt to changing conditions.
