Breaking development on the trade front—Beijing just hit pause on that hefty 24% tariff rate targeting U.S. goods. But here's the catch: they're keeping a baseline 10% duty in place.

This partial rollback signals potential de-escalation, yet the maintained 10% levy shows they're not going full reset mode. For traders watching macro catalysts, this could shift risk sentiment across traditional and digital asset markets. Worth monitoring how equities and crypto react—trade policy uncertainty has been a major volatility driver lately.

The move suggests both sides might be testing the waters for negotiation rather than doubling down on tariff wars. Still, that 10% floor keeps some pressure on cross-border flows.