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 goods “won’t stand”, suggesting a softer stance than initially feared.
- The statement comes amid rising global trade tensions and has already stirred speculation in traditional and crypto markets alike.
- This shift has been interpreted as a relief signal for risk-on assets.
- In response, Bitcoin price showed a slight uptick, up nearly 2% on the 1-hour chart.
What Happened
Bitcoin Rises as Trump Softens on China Tariffs
Market Context
The statement comes amid rising global trade tensions and has already stirred speculation in traditional and crypto markets alike.
While the initial threat of aggressive tariffs raised concerns over global risk sentiment and capital flight, Trump’s latest comments signal a potential easing in trade policy.
This shift has been interpreted as a relief signal for risk-on assets. In response, Bitcoin price showed a slight uptick, up nearly 2% on the 1-hour chart.
The post Crypto Markets React as Trump Walks Back 100% Tariff Threat on China appeared first on BeInCrypto.
Why It Matters
US President Donald Trump clarified on Friday that proposed 100% tariffs on Chinese goods “won’t stand”, suggesting a softer stance than initially feared.