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U.S. Secretary: 145% tax and the impact of cryptocurrency
On May 6, according to CNBC, U.S. Treasury Secretary Mr. Benson stated on May 5 local time that he expects progress in U.S.-China trade negotiations in the coming weeks. He also emphasized that the Trump administration's 145% tax policy on China cannot be sustained for long.
Mr. Benson's message indicates a positive shift in trade relations between the two economic powers. The adjustment of tax policies could have a significant impact on the global financial and cryptocurrency markets. For the cryptocurrency sector, improving trade relations could enhance stability and liquidity.
This information aims to provide an overview of the market and does not constitute investment advice.
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