The post Crypto Prices Soar As Trump Is ‘Very Confident’ On China, EU Trade Deals appeared on BitcoinEthereumNews.com.

In a surprising twist in the ongoing global trade war, US President Donald Trump revealed that he is “very confident” about a trade deal with the European Union, adding that he will soon have a “good deal” with China as well.  Trump’s comments have provided much-needed respite to US equities and the crypto market. The S&P 500 and NASDAQ are up 0.85% and 0.45%, respectively, while the Bitcoin price has jumped by 2% to reclaim the $85,000 price level. Among the altcoins, AI crypto assets such as Render (RNDR) and Artificial Superintelligence Alliance (FET) are already up double digits. Solana meme coins such as Dogwifhat (WIF) and Just A Chill Guy (CHILLGUY) are also pumping.  Trump Signals Confidence in China, EU Trade Deals — Is the Global Trade War Finally Nearing Its End? The global trade war may well be in its final stages, provided that President Trump doesn’t have another change of heart.  Ahead of the Italian Prime Minister Giorgia Meloni’s visit to the White House, Trump took to Truth Social, revealing “productive” discussions with Japanese trade representatives and the Mexican President, Claudia Sheinbaum. Crucially, he claimed that every nation, including China, wants to meet with him.  Later, while addressing a joint press conference with PM Meloni, Trump revealed that he is “very confident” of a trade deal with the European Union.  Much to the delight of bullish investors, he even disclosed that the US will soon have a “good deal” with China.  While investors are still cautious about another about-face from the President, his soft stance isn’t altogether a surprise. The recent political polls have suggested that Trump’s approval rating is deeply underwater on the economy. A majority of Americans now blame him, instead of Biden, for the economic hardships.  Imminent trade deals with China and the European…

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Filed under: News - @ April 18, 2025 12:27 am