- Trump expects a trade deal with China soon, affecting tariffs.
- Market volatility follows US-China negotiations.
- Bitcoin price rises amid trade tensions.
US President Donald Trump expressed confidence in concluding a trade agreement with China, as reported on April 17. Trade talks are ongoing between Washington and Beijing with outcomes expected within weeks.
This development is significant due to its potential impact on tariffs and global markets. Bitcoin’s price and other assets are reacting to trade negotiations.
trump-china-trade-deal
Following a statement by President Trump expressing optimism for a US-China trade agreement, financial markets have been volatile. Trump indicated that a deal could be reached within three to four weeks, aiming to settle ongoing trade disputes. “I believe we’re going to have a deal with China. I think we have plenty of time… Probably in the next three to four weeks, everything should be settled,” said President Trump.
His confidence was echoed in part by the US Trade Representative Jamieson Greer, who highlighted ongoing discussions.
Market reactions have been mixed with Bitcoin experiencing a breakout above $83,000 after specific tariff exemptions were announced for electronics. Noted industry figures, including BlackRock CEO Larry Fink, have observed the recent moves as potentially benefitting cryptocurrency, highlighting market disquiet over broader economic conditions.
Bitcoin’s Role Amidst US-China Tensions: History and Projections
Did you know? In previous US-China trade disputes, tariffs contributed to using cryptocurrencies like Bitcoin as a hedge against traditional market volatility, demonstrating its potential as an alternative asset class during economic uncertainties.
Bitcoin (BTC) was trading at approximately $84,547.61 as of April 18, 2025. With a market cap of $1.68 trillion and market dominance of 62.95%, BTC exhibited a 24-hour increase of 0.11%. The recent volatility in US-China negotiations has played a role in the fluctuating market, as data from CoinMarketCap shows trading volume declined by 21.88% over 24 hours.
Coincu’s research team suggests that recent tariff developments could drive sustained interest in digital assets like Bitcoin. Potential regulatory or market shifts may influence cryptocurrency’s role as a financial safeguard amidst geopolitical tensions. Historical precedent underscores Bitcoin’s pivotal role in periods marked by economic and policy uncertainty.
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