$BTC Markets are now shifting their focus to this weekend’s critical talks between US Treasury Secretary Scott Bessent, chief trade negotiator Jamieson Greer, and their Chinese counterparts in Switzerland.

Most notably, China was excluded from the Trump-era tariff pause and now faces US import duties of at least 145%. Beijing has retaliated with its own reciprocal levies of 125%, sparking concerns over escalating trade conflicts between the world’s two largest economies.