On July 29, U.S. and China representatives, including Scott Bessent and He Lifeng, convened in Stockholm for trade talks amid ongoing tariff tensions.
US-China Delegations Focus on Tariff Extensions
The US-China trade negotiations resumed in Stockholm, with leaders from both countries discussing potential extensions of tariff deadlines. These discussions follow earlier meetings in Geneva and London.
Scott Bessent, U.S. Treasury Secretary, and He Lifeng, Chinese Vice Premier, lead the respective delegations. Both sides are focused on addressing trade tariffs and market stability. According to Scott Bessent, "A renewal in 90-day increments is under consideration."
Cryptocurrency Markets React to Tariff Discussions
Past 125% and 145% tariff changes have previously caused volatility in traditional and crypto markets. Safe-haven assets like Bitcoin experience volume spikes during heightened tensions.
Financial markets, particularly equities, commodities, and digital assets, remain on alert for any shifts in trade policy. Cryptocurrencies exhibit temporary reactions without clear bullish trends.
April 2025 Tariff Hikes Triggered Market Sell-offs
In April 2025, tariff hikes led to market sell-offs and stablecoin demand spikes. Similar trends are observable in past rounds of US-China trade tensions.
Experts suggest potential outcomes include further 90-day trade truce extensions or unchanged tariffs, as evidenced by past negotiation cycles. Jamieson Greer, U.S. Trade Representative, highlighted, "It's been a bumpy ride...the big question here in Stockholm is whether they can kick that can down the road, extend that deadline perhaps another 90 days."
The US-China negotiations in Stockholm remain closely watched, as the outcomes could significantly impact both trade tariffs and cryptocurrency markets.
