President Donald Trump announced the extension of the suspension of tariffs on China, referencing economic difficulties within the country.
Suspension of Tariffs on China
President Trump announced the suspension of increased tariffs on Chinese imports, stating this decision will remain in effect until November 2025. Official White House orders confirm this move.
Economic Implications
US Treasury Secretary Scott Bessent emphasized ongoing negotiations by stating, 'US-China talks are in a very good place...'. Potential implications for global economic sentiment are anticipated.
Impact on Crypto Market
No significant impacts on US-based crypto assets have been reported. Market analysts expect a growing interest in safe-haven assets amidst economic uncertainty.
While tariff measures are in place, no significant changes have been observed in the cryptocurrency market at this time. Trade discussions will continue as further agreements are awaited.
