The post President Trump Just Announced China Tariff Reductions: Will the Crypto Market Rally? appeared on BitcoinEthereumNews.com.

Key Takeaways: President Trump calls his meeting with President Xi a “12 out of 10.” He announced lower tariffs on Chinese imports (down to 47%) and said the issue over US access to rare earths has been settled. After a tumble on yesterday’s muted rate cut decision, does this mean the crypto market will rally? President Trump just called his face-to-face with President Xi in Seoul “a 12 out of 10,” capping the kind of diplomatic theatre traders love (and the crypto market desperately needs). In a whirlwind of positive headlines, the White House announced a reduction in tariffs on Chinese imports following President Trump’s high-profile meeting with President Xi in Seoul. Trump also claimed that major progress had been made on issues like rare earth minerals. At the time of writing, Chinese officials had yet to make any public commitments regarding export policies. For now, the truce narrative is being driven by Washington, as markets weigh whether the meeting is a real relief after months of escalating trade tensions. Tariff Truce: Real Relief, or Temporary Peace? For the moment, hopes are tentatively flying. Trump says tariffs on Chinese goods will be lowered to 47%. Perhaps more importantly for the tech sector, China will delay its planned restrictions on rare earth minerals. Trump-Xi Meeting Could Rally the Crypto Market | Source: BBC on X Trump also announced that tariffs on Chinese products used to make the opioid fentanyl will drop from 20% to 10%, with Beijing pledging sharper domestic controls on the drug’s export. Meanwhile, agricultural markets got their own sugar-coating, with China promising to immediately ramp up imports of US soybeans. It’s music to the ears of risk assets in a week when they needed it most, after the crypto market fell on a moderately hawkish Fed and almost…

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Filed under: News - @ October 30, 2025 12:27 pm