Rocky|Nov 02, 2025 04:26
The US-China trade tariff friction has basically come to an end. Bloomberg published an article today, but market prices and confidence can never return to pre-10/11 levels. From the statistics, out of the 400+ altcoins listed on Binance, 358 have never surpassed their 10/11 highs.
Trump officially announced the 'US-China Economic and Trade Relations Agreement'
China's actions:
1. Suspend new rare earth export controls
2. Issue general licenses for rare earth exports
3. Take 'major measures' to stop the flow of fentanyl to the US
4. Suspend all retaliatory tariffs starting March 4
5. Suspend all non-tariff retaliatory measures since March 4
6. Purchase at least 12 million tons of US soybeans
US actions:
1. Reduce tariffs on Chinese goods by 10%
2. Extend the expiration date of certain Section 301 tariff exemptions to November 2026
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