The post Bitcoin Reacts to US-China Tariff Reductions: Market Implications – Coincu appeared on BitcoinEthereumNews.com.

Key Points: US cancels 91% tariffs on China amid economic talks. Positive impact expected on global trade dynamics. Yellen involved in plans for economic balance focus. US Treasury Secretary Janet Yellen has confirmed significant tariff reductions on Chinese goods as part of recent trade talks. The discussions, held in Geneva, led to the US canceling 91% of additional tariffs and China suspending 24% reciprocal tariffs. Such reductions are expected to impact global trade positively, signifying a potential shift towards improved US-China relations. These reductions align with past efforts to resolve trade tensions. Main Content: The US and China agreed to reduce tariffs significantly, marking progress in economic reconciliation efforts. US Treasury Secretary Janet Yellen, involved in the talks, highlighted the negotiations’ importance in balancing economic interests. This change affects global trade, aiming to reduce the trade deficit. The markets anticipate improved economic exchanges between the US and China. “My team and I will continue to directly address with PRC counterparts our broad concerns with the PRC’s long-standing macroeconomic imbalances and industrial policy, along with the resulting spillovers on the U.S. and global economy. I look forward to continuing to advance American interests and lead the Administration’s responsible management of the U.S.-China economic relationship.” — Janet L. Yellen, US Treasury Secretary Mixed Market Reactions to Tariff Reductions Did you know? The trade tensions addressed in this agreement originally escalated in April 2025, following a series of unilateral tariffs that increased economic strain globally. Market reactions are mixed, with some economists cautiously optimistic. Yellen’s statement emphasized cooperation between both countries to revitalize trade relations. Official reports also indicate optimism towards a stable trade environment. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 12:19 UTC on May 12, 2025. Source: CoinMarketCap Coincu research indicates that long-term impacts could stabilize commodity markets. Potential regulatory advancements…

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Filed under: News - @ May 12, 2025 12:25 pm