Former US President Donald Trump made a statement regarding China's alleged violation of the agreement with the United States, impacting the cryptocurrency market.
Trump's Statement on China
Trump stated on his Truth Social platform that "China has completely violated their agreement with us." He emphasized that the tariffs imposed by him made trading for China in the US nearly impossible. "I made a quick deal with China to save them from what I thought would be a serious economic threat. Thanks to this agreement, everything quickly stabilized," Trump highlighted.
US Trade Representative's Reaction
US Trade Representative Jamieson Greer commented on the situation in an interview with CNBC. He expressed concern about China's behavior, calling it "completely unacceptable" and confirmed that the US is actively monitoring compliance with the agreement. Greer also mentioned discussions with the Indian Trade Minister and plans to discuss trade agreements with other countries.
Impact on Cryptocurrency Market
Following the news of the violation, Bitcoin's price fell to $105,100, also affecting Ethereum and other altcoins. The drop occurred amid increased volatility in the cryptocurrency market.
Trump's statement about the violation of the agreement with China elicited negative reactions from both government representatives and financial markets, including cryptocurrencies.
