US-China Trade Deal Could Signal Shift for Global Markets and Crypto
On October 30, 2025, President Donald Trump and Chinese President Xi Jinping finalized a one-year trade deal in South Korea that suspends several major tariffs and export restrictions.
The agreement comes after months of escalating tensions that peaked with a devastating October 11 crypto crash that wiped out $19 billion in just 24 hours. The deal represents the biggest de-escalation yet between the United States and China, but crypto markets have responded with unexpected caution.
What’s in the Trade Deal
According to the White House fact sheet, China agreed to suspend new export controls on rare earth minerals—materials essential for making smartphones, electric vehicles, and military equipment. The country will also halt fentanyl…
