China-US Tariff Adjustments Projected to Influence Crypto Markets – Coincu
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Key Points: China and the US agree on tariff adjustments for a 2025 resolution. 24% tariff suspension planned for 90 days. Hope to ease economic pressures and boost trade flows. China and the United States have jointly announced a tariff adjustment plan to be implemented by May 14, 2025, during economic talks held in Geneva. Key economic leaders aim to reduce bilateral trade frictions through specific measures. The joint statement signifies a potential shift in international trade relations affecting both countries. Expected tariff reductions could influence market dynamics and sentiment globally. China-US Tariff Suspension: A 2025 Economic Strategy China and the US have agreed to a joint economic approach in Geneva. Their commitment involves suspending 24% ad valorem tariffs on each other’s goods for 90 days while maintaining a 10% levy. Both nations seek to mitigate trade frictions and foster economic cooperation by May 14, 2025. Immediate repercussions of this announcement might include positive impacts on trade flows and cost reductions for exporters in both countries. Financial markets could experience reduced volatility, with potentially beneficial conditions for trade sectors. “Trade talks with the U.S. achieved substantial progress and reached important consensus,” noted He Lifeng, Vice Premier of China. Historical Patterns Suggest Positive Market Impact from Tariffs Did you know? The planned tariff suspension between the US and China follows historical patterns where trade negotiations have temporarily influenced global equities and sometimes trickled into cryptocurrencies like Bitcoin and Ethereum, indicating market optimism amid reduced economic tensions. According to CoinMarketCap, Bitcoin (BTC) currently sits at $104,064.91, with a market cap of $2.07 trillion and a dominance of 61.32%. Trading volumes reached $54.48 billion, reflecting an 18.77% change. BTC price witnessed a 0.18% rise over 24 hours, escalating 26.47% over 60 days. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 14:20 UTC on May…
Filed under: News - @ May 12, 2025 3:22 pm