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The shift from mutual finger-pointing to negotiation talks is a promising development, exemplified by Bessent’s recent meetings. As the US Treasury Secretary continues discussions, communication between the EU and China is strengthening once more. These developments hint that we may soon reach the calm waters needed for the stability of cryptocurrencies. What, then, is being said by US Trade Representative Greer? His comments are ongoing.
US-China Dynamics and Cryptocurrencies
Cryptocurrency investors have grown accustomed to Trump’s posturing. A clear pattern emerges here: Initially, China acts, prompting Trump to respond, followed by China’s reaction. Talks then commence, and ultimately, an agreement is reached. We have witnessed this twice in dealings with China, and we are currently amidst a third iteration. The situation has progressed to negotiation, suggesting that positive news about an agreement may be forthcoming shortly.
US Trade Representative Greer spoke in a constructive tone in his ongoing statements.
“Negotiation makes sense, but time will tell. Trump and Xi’s meeting is proceeding as planned. Bessent and I will meet with the Chinese in Malaysia to see if there is potential for progress,” he remarked.
Steps taken concerning rare earth elements were entirely disproportionate. There is indeed a promising landing spot where matters could be more balanced. We must actively manage trade relations between China and the US. The US only manages exports of high quality, while China controls basic inputs without discrimination.
“We do not want countries to gain a competitive advantage using American products. Trump frequently discusses agriculture with China, often focusing on soybeans. Trump and Xi maintain a strong relationship,” Greer continued.
“We are diversifying the supply of rare earth elements. We will secure agreements with other countries. Our focus is on rejuvenating the rare earth element capacity within the United States,” concluded Greer.
