Tensions between the United States and China are rising once again. President Donald Trump has publicly accused China of violating the trade agreement between the two countries — and markets quickly reacted. While stock futures slipped, Bitcoin spiked to $106,000 shortly after Trump’s statement.
Trump Accuses China of Breaking Trade Agreement
On Truth Social, Trump claimed that China had completely broken its trade agreement with the U.S. — an act that, while “not surprising,” he described as deeply concerning. “So much for being a good guy,” he added sarcastically.
His comment came shortly after Treasury Secretary Scott Bessent acknowledged that trade negotiations had stalled. The crypto market responded swiftly: Bitcoin initially fell below $105,000, but reversed sharply following Trump’s remarks.

Stock Futures Drop, Altcoins Remain Flat
Market commentator The Kobeissi Letter noted on X that U.S. stock futures dropped as soon as the news broke. In contrast, most altcoins remained flat or saw only mild corrections, while Bitcoin led the crypto reaction.
Trump: “I Saved China with the Deal — and They Betrayed Us”
Trump further claimed that China was on the brink of a serious economic collapse before the agreement was made. He described how his high tariffs nearly shut China out of the U.S. market — the world's largest — and that the trade deal was a “quick rescue.”
“Everything seemed stable again, China returned to normal… and then they broke the deal,” he said with frustration.
U.S. Official: “Completely Unacceptable Behavior”
Jamieson Greer, a U.S. trade representative who helped negotiate the deal alongside Bessent, told CNBC that China’s actions were “completely unacceptable.” He emphasized that the U.S. is seriously concerned about China’s failure to uphold its end of the agreement.
Has the Trade War Lost Its Shock Value?
In another post, The Kobeissi Letter suggested that the impact of the trade war on markets may be fading. While such news would have rocked markets in the past, futures only dropped 0.3% this time.
For comparison: in April, Trump’s announcement of reciprocal tariffs triggered a 5% drop in the S&P 500 and pushed Bitcoin down to $76,000.
Bitcoin Remains Resilient Amid Geopolitical Tensions
Despite renewed trade tensions and court disputes over Trump’s tariff policies, Bitcoin has held strong. Since its April low, the leading cryptocurrency has rallied to a new all-time high of $111,900.
While traditional markets may have become less reactive, crypto assets continue to reflect the sensitivity to geopolitical developments — and this latest episode proves it once again.
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