“The price jump comes on the heels of a trade agreement between the U.S. and U.K., as well as breaking news that US and Chinese officials are preparing for renewed trade talks in Switzerland,” Nicholas Roberts-Huntley, co-founder and CEO blockchain infrastructure Blueprint Finance, tells Fortune.
While the details of the U.K. deal have yet to be finalized, Trump said that he would roll back tariffs imposed on British automobiles, aluminum and steel but leave a 10% baseline tariff in place. In return, the U.K will increase market access to billions of dollars worth of American exports including ethanol, beef and soft drinks.
