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Crypto Market Today [Live] Updates On October 30
October 30, 2025 05:50:58 UTC
Trump and Xi Signal Breakthrough: Tariff Cuts Hint at Major US-China Trade Deal Ahead
President Trump announced significant tariff reductions following what he called an “amazing” meeting with President Xi. The U.S. has cut Fentanyl tariffs to 10% effective immediately, and overall tariffs on China have been reduced from 57% to 47%. China has also agreed to discuss chip restrictions with Nvidia, lift obstacles on rare earth exports, and collaborate with the U.S. on Ukraine. The tone marks a clear thaw in relations — and with these moves, a potential US-China trade deal now looks closer than ever.