In late June 2025, President Donald Trump confirmed the signing of a trade agreement with China, leading to significant changes in global trade relations.
Key Provisions of the Agreement
The agreement, signed in London, introduces a 55% tariff on Chinese imports to the US, aimed at bolstering American manufacturing. Representatives from both nations participated in high-level negotiations, emphasizing the importance of compliance with the agreement's terms. As noted by China's Foreign Affairs spokesperson Lin Jian, the country commits to fulfilling all the conditions of the agreement.
Impact on Technology and Market
The agreement affects sectors such as electronics and rare earths, which may significantly impact global supply chains. Increased tariffs could alter the playing field in technology and lead to instability in financial markets.
Potential Implications for Cryptocurrency
The rise in tariffs may cause volatility in cryptocurrency markets as investors seek to hedge risks. Experts speculate that this could lead to changes in technological norms and financial regulation, similar to how cryptocurrencies have historically reacted to shifts in international relations.
The agreement between the US and China, with the new tariff levels, may significantly alter not only trade policy but also financial markets, including cryptocurrencies.
