According to The Kobeissi Letter, the US has reduced tariffs on Chinese goods from 145% to 30% for 90 days, while China has lowered tariffs on US goods from 125% to 10% for the same period. As a result, Nasdaq futures surged +3% on the day. These moves signal easing trade tensions, which historically boost global risk sentiment. For cryptocurrency traders, this development may lead to increased risk appetite and capital flows into digital assets, as traditional markets rally and liquidity improves (Source: The Kobeissi Letter, May 12, 2025).