US and China Reach Trade and Investment Agreement Amid Ongoing Friction
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The US and China agreed to establish bilateral boards for trade and investment to identify goods that can flow between the countries, initially covering tens of billions of dollars in trade. Markets reacted with bearish pressure on Bitcoin, signaling short-term downside risk for crypto price and adoption and highlighting immediate crypto market impact despite potential longer-term trade stability.
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- The US and China have agreed to establish bilateral boards for trade and investment.
- The board will identify which products the US and China can exchange despite tensions.
- Bitcoin’s price experienced bearish pressure following the latest US-China agreement.
According to reports, China and the US have agreed to establish bilateral boards of trade and investment. The boards’ establishment, which will sort out the goods that can flow between the world’s largest economies, represents an achievement in US President Trump’s latest visit to China, and has an initial scope covering tens of billions in trade.
Bringing Structure to the US-China Economic Relationship
Although both nations have agreed to a joint process, there is still significant friction in their commercial relationship. Hence, the newly established US-China Board of Trade and a parallel Board of …
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