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Author Topic: 'Total reset' with China sends market soaring  (Read 172 times)

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Offline rangerrebew

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'Total reset' with China sends market soaring
« on: May 11, 2025, 05:48:31 am »

'Total reset' with China sends market soaring
Story by Anand Sinha • 1h

The crypto market soared dramatically on May 10 as President Donald Trump claimed that the U.S. had "a very good meeting" with China.
 
Ethereum also neared the $2,600 mark within an hour of the statement before making a modest retreat.

As per Kraken's price feed, Bitcoin was trading at $103,927 at press time. Ethereum was trading at $2,539.07 at the time of writing, as per Kraken.

Trump wrote on Truth Social that the two countries negotiated a "total reset" in a "friendly, but constructive" manner. He added that the U.S. would like to see China opening up to American business. "GREAT PROGRESS MADE!!!"

https://www.msn.com/en-us/money/markets/total-reset-with-china-sends-market-soaring/ar-AA1Ey9PN?ocid=widgetonlockscreen&cvid=621765419a6e4e7cbc1a90460e82bfb3&ei=37
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline rangerrebew

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Re: 'Total reset' with China sends market soaring
« Reply #1 on: May 11, 2025, 05:50:08 am »
There goes that damn Trump again, proving democrats, rinos, and their toadies the MSM, wrong again. :silly:
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline mountaineer

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Re: 'Total reset' with China sends market soaring
« Reply #2 on: May 11, 2025, 03:00:38 pm »
The United States just struck a trade deal with China.
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The abnormal is not the normal just because it is prevalent.
Roger Kimball, in a talk at Hillsdale College, 1/29/25

Offline mountaineer

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Re: 'Total reset' with China sends market soaring
« Reply #3 on: May 11, 2025, 03:04:20 pm »
BREAKING NEWS
Trump administration reveals bombshell trade deal with China weeks after tariffs ripped apart world economy
By KATELYN CARALLE
Published: 13:42 EDT, 11 May 2025 | Updated: 14:46 EDT, 11 May 2025
Quote
President Donald Trump's administration struck a trade deal with China.

The White House announced there were 'productive talks' in Switzerland on Sunday and previewed a briefing on Monday to go over details of the agreement.

It comes just weeks after Trump imposed worldwide tariffs that sent global markets into a tailspin.  ...

They announced a deescalation of trade tensions at the conclusions of talks in Geneva, Switzerland on Sunday.

'This was, as the Secretary pointed out, a very constructive two days,' Greer said. 'It's important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought.'

'That being said, there was a lot of groundwork that went into these two days,' he added.

Bessent said he spoke with Trump and there will be a full briefing on Monday.  ...
Daily Mail







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The abnormal is not the normal just because it is prevalent.
Roger Kimball, in a talk at Hillsdale College, 1/29/25
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