The post Trump Reconsiders High Tariffs on Chinese Imports – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Trump signals potential tariff reductions on Chinese imports. Markets react to possible policy shifts. Treasury Secretary highlights trade embargo concerns. Donald Trump is reportedly reconsidering imposing a 145% tariff on Chinese imports, based on recent statements shared by CNN and noted in BlockBeats News on May 31, 2025. The decision may impact financial and crypto markets by altering global trade dynamics and investor confidence. Trump’s Tariff Revisions: Financial Market Implications Donald Trump, former U.S. President, is reportedly reassessing tariff strategies, opting against a planned 145% levy on Chinese goods. Previously, tariffs escalated notably, jumping from 10% to 20% and then to 34% within months, causing international tension. Such considerations emerge amid ongoing disputes and attempts to recalibrate trade relations with China’s Ministry of Industry and Information Technology. The S&P 500 index recently fell sharply, adding to investor trepidation. This adjustment may ease pressures on capital markets, suggesting potential stabilization. Observers note the Treasury Secretary’s caution regarding escalating into a virtual trade embargo, highlighting potential economic repercussions. Treasury Secretary Benson remarked, “The high tariff rates are effectively creating an embargo on trade with China.” Ripple Effects on Bitcoin and Cryptocurrency Volatility Did you know? Trump’s historical tariff escalations have been linked to significant S&P 500 declines, notably causing one of the steepest drops since the index’s creation in the 1950s. As of May 30, 2025, Bitcoin (BTC) stands at $103,726.59, with a market cap of approximately $2.06 trillion according to CoinMarketCap. Its dominance is 62.98% within the crypto sphere. Over the past 24 hours, Bitcoin’s price decreased by 2.89%, marking a turbulent yet resilient phase for the cryptocurrency, driven in part by emerging global economic concerns and investor sentiments. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 16:53 UTC on May 30, 2025. Source: CoinMarketCap The Coincu research team notes…

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Filed under: News - @ May 30, 2025 7:28 pm