U.S.-China Tariff Talks Set to Continue in Geneva
U.S. Treasury Secretary Scott Bessent and China’s Vice Premier He Lipeng will resume talks on tariffs in Geneva on May 10, 2025.
The negotiations could influence global financial markets and crypto assets, given past volatility linked to U.S.-China trade relations.
Scott Bessent and He Lipeng Lead Geneva Talks
The U.S.-China tariff negotiations are critical due to their potential impact on global trade. Talks are held in Geneva with key figures including Scott Bessent and He Lipeng. The negotiations may reduce U.S. tariffs from their current peak.
Key players, Scott Bessent for the U.S. and He Lipeng from China, are discussing potential tariff easements. Former President Trump hinted at reducing tariffs to 80%, indicating strategic but limited willingness for tariff de-escalation.
Trade Talks Stir Volatility Concerns in Crypto
Historically, U.S.-China trade talks have caused volatility in equity and cryptocurrency markets. No immediate on-chain data changes have surfaced, yet anticipation of market impact continues as talks progress.
Financial markets react based on the perceived direction of the talks. Previous trends show crypto assets such as BTC and ETH can experience volatility amid macroeconomic shifts. The broader impact on DeFi still remains to be seen.
2018-2019 Trade War Offers Volatility Lessons
Similar past events during 2018-2019’s trade war demonstrated significant market volatility. Cryptocurrencies often acted as hedges during currency devaluation but faced declines during economic selloffs.
Expert insights from Kanalcoin highlight the potential for market shifts with tariff decisions. Historical patterns suggest BTC and ETH may again respond as proxies amid changed macroeconomic conditions. Donald Trump, Former U.S. President, stated, “80% tariff on China seems right, up to Scott Bessent.”
Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.
The post U.S.-China Tariff Talks Set to Continue in Geneva appeared first on Kanalcoin.
Filed under: News - @ May 10, 2025 7:27 pm