#TradeWarEases US-China Trade Talks: WH Confirms Deal to Cut Trade Deficit, Bitcoin ATH Soon?

Bitcoin price hits $104K as US China trade talks end in Geneva with tariff deal to reduce trade deficit, details expected Monday.

Just In: US, China Trade Talks End with Agreement to Cut Trade Deficit, Here's All

Highlights

Bitcoin price surged past $104K after the U.S. and China struck a trade deficit deal in Geneva.

Ethereum price rebounded toward $2,500 as easing trade tensions lifted market sentiment.

Fear and Greed Index hit 70 after trade deal news, signaling strong bullish momentum for crypto.

Bitcoin price surged past $104,000 following news of a breakthrough in U.S.-China trade talks after two days of talks in Geneva, Switzerland. The discussions, which involved senior officials from both countries, were described by U.S. Treasury Secretary Scott Bessent as productive, with “substantial progress” made.

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US, China Trade Talks End with Agreement

According to United States officials, the two-day discussions ended with a deal aimed at reducing the U.S. trade deficit. Treasury Secretary Scott Bessent confirmed that both delegations agreed on several matters, but specific terms will be announced on Monday.

Bessent stated, “We made substantial progress between the United States and China in the very important trade talks.” The US China trade talks took place at the residence of the Swiss ambassador to the United Nations in Geneva.

United States Trade Representative Jamieson Greer also confirmed the agreement, referring to it as “a deal we struck with our Chinese partners.” He emphasized the pace at which both sides reached a conclusion, suggesting fewer disagreements than previously expected.