BREAKING: White House Economic Adviser Kevin Hassett Highlights "Enormous Progress" in Tariff Talks with the EU — Positive Trade Developments Boost Crypto and #XR

April 20, 2025 | Washington, D.C. — In a highly anticipated announcement, White House Economic Adviser Kevin Hassett confirmed that the United States and the European Union have made “enormous progress” in ongoing tariff negotiations. This breakthrough in trade relations is not only a win for global trade but also a significant development for the cryptocurrency sector, particularly for XR, as market participants react with optimism.

Key Developments in the Tariff Talks:

Hassett outlined that both sides have agreed on several key areas of compromise, which are expected to lead to the reduction or elimination of tariffs on various goods and services. Among the most promising outcomes are the easing of restrictions on high-tech goods, including semiconductor chips, which could benefit blockchain-based technologies and crypto infrastructure.

“This progress is a testament to the hard work and dedication of both parties,” Hassett said. “By removing trade barriers, we’re positioning both the United States and Europe for enhanced economic cooperation and stronger, more stable growth.”

Why This Is Bullish for Crypto:

The news of tariff reductions has been met with positive reactions in the markets, particularly in the cryptocurrency space. Historically, trade tensions and tariffs have created uncertainty that undermines market confidence. However, this new development brings much-needed clarity and stability, creating a more favorable environment for risk assets like cryptocurrency.

The most significant beneficiary is XR, a popular blockchain project that has seen significant traction in Europe.

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