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Will US-China Trade Talks Be the Catalyst for Bitcoin’s $110K Breakthrough?

The world’s two largest economies have been locked in a room somewhere in the iconic Lancaster House located on the West End of London for a series of high stakes trade negotiations. U.S. President Donald Trump and his Commerce Secretary Howard Lutnick have indicated that the talks are “going well” but they’ve both been mum on details, leaving stock and crypto markets in a state of limbo.

China and the U.S. have been working on mending relations after Trump imposed a 145% tariff on Chinese imports. China retaliated with a 125% tax on American goods, but the two superpowers eventually came to their senses and agreed on a 90-day reprieve during which tariffs would drop to 30% on Chinese products and 10% on American goods.