Crypto Markets React as Trump Walks Back 100% Tariff Threat on China
US President Donald Trump clarified on Friday that proposed 100% tariffs on Chinese items “gained’t stand”, suggesting a softer stance than initially feared.
The assertion comes amid rising international commerce tensions and has already stirred hypothesis in conventional and crypto markets alike.
Bitcoin Rises as Trump Softens on China Tariffs
While the preliminary menace of aggressive tariffs raised considerations over international danger sentiment and capital flight, Trump’s newest feedback sign a possible easing in commerce coverage.
This shift has been interpreted as a aid sign for risk-on belongings. In response, Bitcoin worth showed a slight uptick, up almost 2% on the 1-hour chart.
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