BlockBeats reports that the Trump administration is pivoting toward phased trade agreements, aiming to reduce tariff threats and finalize deals by July 9.
US Changes Trade Agreement Strategy
Senior US trade officials are focusing on phased trade agreements, moving away from the initial goal of 90 deals in 90 days. This shift aims to avoid reapplying tariffs while allowing countries to reach modest agreements on disputed trade aspects.
Markets Respond With Caution
The market remains tentative amid ongoing tariff discussions. While no specific changes in the crypto market have been observed, macroeconomic uncertainties continue to loom, potentially affecting currency volatility and asset markets.
Cryptocurrency's Role in Economic Uncertainty
In past trade conflicts, heightened market volatility often saw Bitcoin and gold emerge as safe-haven assets. Data from CoinMarketCap indicates Bitcoin is priced at $107,134.48, with a 64.40% market share. Despite a recent decline of 1.27%, Bitcoin has risen by 26.52% over the last 90 days.
In summary, the US is shifting its approach to trade agreements, opting for phased solutions to avoid reimposing tariffs. Markets remain cautious as the situation evolves, while cryptocurrencies continue to play a significant role in periods of economic uncertainty.
