Bitcoin Price Reacts Immediately as Trump Says Tariffs on China Won’t Stand
US President Donald Trump simply stated that the tariffs that have been speculated to be imposed on China as of November 1 received’t stand.
Bitcoin’s worth reacted with an instantaneous uptick that pushed it from its multi-week backside (on most exchanges) again to $106,000.
Recall the developments that occurred final Friday when the POTUS threatened China with a brand new wave of tariffs, which have been later made official with a beginning date of November 1. Some Chinese merchandise have been speculated to be taxed at over 100%.
This political turmoil triggered an instantaneous crash within the cryptocurrency markets. Bitcoin stood above $122,000 however crumbled beneath $117,000 inside minutes, after which the cascading impact of billions of {dollars} in overleveraged positions drove it even further south to underneath $110,000 on most exchanges and all the way in which right down to $101,000 on Binance.
Further stories on the matter revealed that this may need been one big misunderstanding between Beijing and Washington, and the stress between the 2 superpowers started to de-escalate.
Just minutes in the past, Trump was requested whether or not the 100% tariffs on China will stand. He responded with a “No,” and added that “I feel we might be high-quality with China.” Both international locations’ presidents are supposed to fulfill in two weeks.
BREAKING: President Trump was simply requested if his 100% tariff on China will stand.
His response: “No.”
— The Kobeissi Letter (@KobeissiLetter) October 17, 2025
BTC’s worth reacted with one other instantaneous swing, this time to the upside. The asset had tumbled beneath $104,000 to mark a multi-month low (on most exchanges), however bounced to over $106,000 as of press time.
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