Trade tensions between the US and China might ease as both nations inch towards a potential deal, following US President Trump's recent tariff announcements. The US imposed a 10% baseline tariff on imports, with a hefty 34% on Chinese goods. China retaliated with similar tariffs on US imports, vowing to resist what it terms economic "bullying."

Raoul Pal suggests these moves are strategic posturing to secure a favorable agreement. Crypto markets are closely watching these developments, as a resolution could boost digital asset recovery. Analysts predict a market bottom by June 2025, contingent on global tariff responses.