Fears of a new escalation into the US-China trade war are rising again as US Treasury Secretary Scott Bessent stated that trade talks with China have “stalled”. Furthermore, with the US Appeal court reinstating Trump’s “reciprocal tariffs”, the global markets have turned jittery once again. Amid the rising macro uncertainty, the crypto market reacted with altcoin correcting the most. Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE) have all corrected 3-6%. US-China Trade War Can Escalate As Talks Are Off U.S. Treasury Secretary Scott Bessent stated that the ongoing trade talks between the U.S. and China have stalled while urging President Donald Trump and his Chinese counterpart Xi Jinping. During his recent interview with Fox Business, Treasury Secretary Bessent said: “I would say that they are a bit stalled”. While the Trump tariff tensions between the two largest economies eased earlier this month, the latest development puts a pause on progress…. Read More at Coingape.com

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Filed under: News - @ May 30, 2025 6:24 am