🇺🇸🇨🇳 US-China Tariff Truce: Will Trump Extend or Let Rates Soar? 🚨
The clock’s ticking! The US-China 90-day tariff truce ends August 12, 2025, and Trump’s yet to decide: extend or let tariffs on Chinese goods spike to 80%+. Here’s the breakdown! 🧵👇
What’s at Stake? 💰
Current Tariffs: 10% reciprocal + 20% fentanyl tariff = ~55% on Chinese goods.
If No Extension: Tariffs jump to 34% (reciprocal) + 20% fentanyl + Section 301 tariffs = 80%+ on many goods. China’s retaliatory tariffs on US goods hit 34%.
Background: April 2025 saw 125% tariffs after tit-for-tat escalations. May’s Geneva deal cut them to 10% for 90 days.
Will It Be Extended? 🤔
Stockholm Talks (July 27-30): US and Chinese officials were optimistic about a 90-day extension, but Trump’s approval is pending. He’s said, “We’ll either approve it or not.”
US Signals: Treasury’s Bessent and Trade Rep Greer suggest an extension’s possible, but Trump’s fine with tariffs rising for revenue and leverage.
Why the Delay? 🛑
Russian Oil: Trump’s eyeing tariffs on China for buying sanctioned Russian oil, like the 25% hit on India.
Rare Earths: China’s export controls on rare earths (45-day license delays) remain a sticking point. A June deal promised progress, but details are murky.
Fentanyl & Trade Deficit: US pushes China on fentanyl exports and its trade surplus. China resists major policy shifts.
Crypto Impact? 📉
No direct hit on coins like BTC ($122K) or ETH ($4,300), but tariff spikes could dent global markets, boosting safe-haven demand for crypto.
Stablecoins (e.g., USDC) may see volatility if trade disruptions affect USD confidence.
Advice for Investors 💡
Monitor News: Check X for real-time updates on Trump’s decision.
Diversify: Spread crypto bets to hedge against market dips.
Stay Skeptical: Avoid FUD-driven scams on X or Telegram.
Will Trump extend the truce or escalate the trade war? Drop your thoughts! 🚀 #crypto #TradeWarEnds #USChinaTariffs #china #TRUMP
Disclaimer: Not investment advice. Do your own research.