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Recently, Trump reignited the debate over US-China relations through new statements. He followed a strategy resembling his comments from the previous Friday. Shortly after, both a White House official and the Treasury Secretary announced much-anticipated news. This update is crucial for the recovery of cryptocurrencies.
Cryptocurrency Breaking News
Trump, who recently challenged the EU, expressed satisfaction a few days later with the progress of stalled negotiations and withdrew the 50% tariff announced for June. This Friday, he accused China of breaching the agreement and stated that he would no longer be gentle. The expected scenario was that Trump would meet with Xi to reach an agreement, restoring market confidence by indicating the continuation of stalled discussions. The first piece of good news has just arrived. White House Senior Advisor Hassett stated:
“Trump is considering a phone conversation with Chinese President Xi this week.”
At the same time, in an interview with CBS, Treasury Secretary Bessent remarked:
“The US will never default. China is obstructing essential products for the industrial supply chain. I believe Trump will meet with Chinese President Xi very soon.”
Trump is reportedly frustrated over China’s delay in allowing rare earth element exports. Known for initiating disputes at the highest levels and threatening trade partners, it would not be surprising if Trump announces tomorrow or Tuesday that “We’ve talked with China, no issues, Xi is great.” In anticipation of this, the BTC price has surpassed $104,300 again, according to Binance TR data.
