Former US President Donald Trump calls for a fair trade deal with China, stressing the need for reciprocal tariffs and balanced agreements.
Trump Emphasizes Reciprocal Tariffs
Donald Trump is advocating for a 'fair' trade deal with China, focusing on reciprocal tariffs. This stance is part of ongoing negotiations despite no scheduled talks with President Xi Jinping. The US administration under Trump aims to rebalance trade.
Lobbying Pressures Increase Amid Negotiations
Immediate market impacts are observed in increased lobbying pressures and industry-specific concerns without direct linkage to the cryptocurrency market. Lobbying efforts have failed to secure tariff exemptions for small businesses, highlighting the political and economic strategy without immediate effects on digital assets.
Trade Tensions and Their Market Impact
The current situation resembles past US-China trade tensions, impacting traditional markets but showing no notable effects on cryptocurrencies like Bitcoin and Ethereum. Previous escalations often led to market volatility, but no new official guidance on digital assets has been released.
Trump's statements regarding fair trade with China highlight the need for reciprocal tariffs and could lead to increased market volatility, although digital assets remain unaffected for now.
