The U.S. and China have agreed on a trade truce

It has become known that the US and China have agreed to temporarily reduce mutual duties for 90 days.

The countries cancel a number of recent tariffs between them as part of an attempt to soften the trade confrontation.

It is known that the U.S. reduces duties on Chinese goods to 30% (was 145%).

And China, in turn, is reducing duties on American goods to 10% (was 125%).

The White House also said that both sides will create a mechanism for further negotiations. The previous ones were held the other day in Geneva.

Against the background of the conclusion of a trade truce between the United States and China, the bitcoin exchange rate instantly exceeded 105 thousand dollars.

Markets, oil, and crypto are flying upwards amid the trade truce between the US and China.

The S&P 500 and Nasdaq indexes added more than 3%. The stock market in Hong Kong also showed a rise of more than 3%.