According to the official announcement from the Chinese Ministry of Commerce, China and the United States will pause the 24% tariffs on both sides for an initial 90-day period, while maintaining the existing 10% tariff as specified in the executive order (source: Chinese Ministry of Commerce, June 2024). This development is expected to reduce short-term global trade friction and bolster risk-on sentiment across financial markets, including cryptocurrencies. Traders should monitor increased volatility and potential capital flows into digital assets as global investors seek alternative hedges amid shifting trade policy dynamics.

According to The Kobeissi Letter, Ontario has decided to suspend its 25% tariff on electricity exports to Michigan, New York, and Minnesota. This decision follows an agreement for a meeting between Premier Ford and US Commerce Secretary Lutnick on Thursday.

According to The Kobeissi Letter, Ontario has announced the suspension of its 25% tariff on electricity exports to Michigan, New York, and Minnesota. This decision follows an agreement for a meeting between Ontario Premier Ford and US Commerce Secretary Lutnick on Thursday.