Bull Case
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🚨Chinese goods going to all kinds of places to circumvent US tariffs. [the trade war is fake]
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BTC.D, let altseason continue
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🚨White House announces trade deal with China. No immediate confirmation from the Chinese side.
*US Trade Representative Greer: It's important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought
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🚨Trump: Next truth will be one of the most important ever.
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🚨China officials hold press conference in Geneva.
China's Vice Premier He Lifeng: On China-U.S. trade talks, both sides had in-depth exchange.
*He Lifeng: Trade talks were constructive, made substantive progress.
*He Lifeng: Both sides reached important consensus.
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Chinese Trade Lead: Talks were constructive, we made some progress. Provides no details on items discussed, potential trade deal outline
China's Vice Premier He Lifeng: Meeting was an important first step.
*There are some differences, but frictions are unavoidable.
*The nature of China-US trade relations is a mutual win-win.
*We are going to inject more certainty and stability into the world economy.
*China is ready to work with the US to manage differences, extend the list of cooperation, make pie of cooperation bigger.
Chinese Vice Commerce Minister Li Chenggang: Any deal to be reached will be in China's development interest.
🚨Trump's "most important and impactful" Truth ever issued
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Citi: US-China trade talks likely to result in a potential "Phase 1.5" deal.
*Tariffs related to fentanyl and escalatory tariffs could be rolled back
*China is likely to make concessions in reversible areas
*probably that US effective tariff rate on imports from China will be reduced to around 45% as talks move to challenging phase of negotiations
Metaplanet acquires additional 1,241 bitcoins overtaking El Salvador. This latest purchase brings Metaplanet's total holdings to 6,796 BTC with an average purchase price of $91000.
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🚨US Treasury Secretary Bessent to provide a briefing on US-China talks at 08:00 BST / 03:00 ET, via Bloomberg. [in 30 minutes]
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US-China tariff reductions to exceed 100%. -sources
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Always
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🚨China-US Joint Statament: China to lower tariffs on US goods to 10% from 125% for 90 days
🚨China-US Joint Statament: US tariffs on China to include a 10% base plus a 20% fentanyl levy
🚨China-US Joint Statament: US & China to change tariff rates by May 14th
🚨🚨China to reduce tariffs on United States goods to 10% from 125%, United States to reduce tariffs on Chinese goods to 30%, from 145%
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🚨Bessent: We've reached an agreement on a 90 day pause and have substantially moved down the tariff walls
Bessent: We now have a process, plan and mechanism to continue to talk with China