China, US Agree $30B-$30B Reciprocal Tariff Cut Framework

The framing matters more than the headline number: tariffs are being unwound on a defined subset of goods, with MFN treatment restored for most of them, which signals a managed de-escalation rather than a broad trade reset. For crypto and RWA markets, the read-through is indirect but real — reduced bilateral friction tends to ease the macro risk backdrop that has driven correlation between digital assets and traditional markets. The binding constraint is the caveat about domestic laws and procedures, so whether the framework survives each side's internal approval process is the open question worth tracking.