#اخبار_الكريبتو_العاجلة #عملات_رقمية #اقتصاد_رقمي #wct $TRUMP
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President Donald Trump met with Chinese President Xi Jinping in Korea
The South to ease trade tensions.
Both sides reported progress in tariff negotiations, aiming for long-term economic stability.
U.S. President Donald Trump visited South Korea this week, where he held important talks with Chinese President Xi Jinping about escalating trade disputes. The aim of this summit, characterized by its competitive nature, was to ease the economic tensions that have shaken global markets and had a devastating impact on cryptocurrency values in recent months. The two leaders expressed optimism about reaching an agreement that would contribute to stabilizing the relationship between Washington and Beijing, which had been increasingly strained before their scheduled bilateral talks.
Leaders point to progress in tariff negotiations
Trump announced significant progress before the start of official talks, hinting at the proximity of reaching several deals between the two countries. The U.S. president expressed optimism that the meeting would form a strong and long-lasting relationship between the United States and China in the future. The White House confirmed that the bilateral talks were successfully completed, and both parties seem to have made significant progress on contentious trade issues.
The economic friction between these two economic giants has led to a widespread state of instability in the market, especially in digital assets like Bitcoin, which has experienced sharp fluctuations in its prices recently. On October 10, the price of the cryptocurrency fell below $103,000 after violent tariff measures shook financial markets worldwide. According to U.S. officials, it is unlikely that Trump will carry out his threat to impose an additional 100% tariff on imports of Chinese goods, which would signal a de-escalation of tensions in the future.
China appears to be ready to ease its export policies on key rare earth materials, taking into account the United States purchasing more soybeans as a goodwill gesture. These materials remain essential in the production of artificial intelligence devices, and their availability is critical for the technological advancement of both countries.
The tariff dispute has particularly affected Bitcoin mining activities and its producers in Southeast Asia, with Malaysia, subject to a 19% import tax, being the hardest hit. U.S. mining companies also heavily rely on equipment produced in this region, making tariff policies of great importance to them.
China's restrictions on the export of rare earth metals have already become a significant issue regarding the potential disruption of the supply chain in the development of artificial intelligence and cryptocurrency mining infrastructure. Neither country seems prepared to initiate a global economic crisis, which is why such direct diplomatic intervention is necessary.
