Markets Surge After U.S. and China Slash Tariffs in Surprise Deal

A wave of optimism swept through global markets as the United States and China took decisive steps to de-escalate their long-running trade dispute.

Both nations announced significant rollbacks on tariffs, triggering sharp rallies across equities and digital assets.

Bitcoin was among the standout performers, soaring past $104,000 in the hours following the announcement. Ethereum also climbed to $2,500, and the broader crypto market edged higher, with several major altcoins in the green. The GMCI 30 Index, which tracks leading digital assets, advanced by more than 2%.

Investor enthusiasm wasn’t limited to crypto. U.S. stock index futures surged ahead of the opening bell, with all major benchmarks — including the S&P 500, Nasdaq, Dow Jones, and Russell 2000 — gaining more than 2%. Gold, a traditional safe haven, lost ground, dipping 3% as risk appetite returned.

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The policy shift marks a major turning point in global trade dynamics. China will cut tariffs on American goods from 125% down to 10%, while the U.S. will slash levies on Chinese imports from 145% to 30%. The new rates will take effect on May 14 and remain in place for at least 90 days.

Arthur Hayes, a prominent voice in the crypto community, summed up the mood with a simple message shared on X: “Buy everything.”

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.