According to The Kobeissi Letter, gold is experiencing a significant drop of 4% as the U.S. prepares to reduce tariffs on China from 145% to a range of 50%-65%, as reported by WSJ. This tariff reduction is expected to ease tensions and improve trade relations, potentially impacting gold's safe-haven demand. Traders should closely monitor the developments in U.S.-China trade talks and adjust their positions accordingly.

According to Crypto Rover, there's speculation that Trump may reduce China tariffs by 50%, which could be bullish for cryptocurrency markets if confirmed. This potential policy shift could decrease tensions between the US and China, fostering a more favorable trading environment and possibly leading to increased investor confidence in global markets, including cryptocurrencies. Traders should monitor official announcements as market reactions can be swift and significant.