Trump Signals Major Reduction in Chinese Tariffs
President Donald Trump announced plans to "substantially reduce" tariffs on Chinese goods during a recent press conference, while clarifying: "It won't be zero."
Key Details:
• Proposal marks significant shift from previous trade war policies
• Exact reduction percentages not yet specified
• "We'll go easy on China where it makes sense," Trump added
Crypto Market Implications:
1. Miners/Tech: Potential relief for Chinese ASIC manufacturers
2. Stablecoins: Possible easing of USDT/USDC regulatory pressures
3. Trade Pairs : Watch for volatility in China-linked tokens (FIL, CFX)
Market Reaction:
BTC showed brief 1.2% uptick following announcement before stabilizing.
