Crypto Markets React as Trump Walks Back 100% Tariff Threat on China
US President Donald Trump clarified on Friday that proposed 100% tariffs on Chinese goods “won’t stand”, suggesting a softer stance than initially feared.
The statement comes amid rising global trade tensions and has already stirred speculation in traditional and crypto markets alike.
While the initial threat of aggressive tariffs raised concerns over global risk sentiment and capital flight, Trump’s latest comments signal a potential easing in trade policy.
This shift has been interpreted as a relief signal for risk-on assets. In response, Bitcoin price showed a slight uptick, up nearly 2% on the 1-hour chart.
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