China and the US have reached an agreement to extend the tariff truce, which may affect global economic dynamics, according to Chinese media reports.
Talks in Stockholm
Chinese Vice Commerce Minister Li Chenggang and US officials held discussions in Stockholm, where both sides agreed to extend the 90-day tariff truce. The talks addressed economic issues and emphasized the importance of active cooperation to maintain the stable development of bilateral economic relations.
Impact on the Economy
The goal of the talks was to prevent disruptions in global supply chains and maintain economic stability. Participants expressed optimism about reducing misunderstandings. US Treasury Secretary Scott Bessent characterized the meetings as very constructive.
> The meetings were very constructive. It’s just that we haven’t given the signoff. — CITE_NA
Relevance for Cryptocurrencies
While the direct impact on cryptocurrencies remains unclear, historically, tariff changes between the US and China have influenced market sentiment. Major assets like BTC and ETH have experienced volatility in similar situations. This extension could potentially adjust risk tolerance and liquidity. However, there are no official indications of direct cryptocurrency regulations at this time.
This agreement to extend the tariff truce between China and the US is a step towards improving bilateral economic relations and may reflect broader trends in the global market.
