- US and China extend tariff truce by 90 days.
- Trade negotiations continue, impacting global markets.
- No immediate changes in crypto markets observed.
The US and China are set to extend their tariff truce by 90 days, with negotiations led by Scott Bessent and He Lifeng happening in Stockholm, late July 2025.
This extension impacts major global markets, potentially affecting BTC and ETH trading volumes due to the countries’ significant market influence.
US and China Tariff Truce Extension
The US and China have agreed to extend their tariff truce by an additional 90 days. This agreement follows negotiations led by Scott Bessent and He Lifeng, marking their third meeting in a short span.
Scott Bessent, the US Treasury Secretary, and He Lifeng, the Chinese Vice Premier, have been key figures. They aim to negotiate solutions addressing broader trade issues between these major economies. Bessent remarked that “a trade-truce extension to emerge from the next round of negotiations,” referencing talks addressing broader trade and geopolitical topics. For further details on these negotiations, visit Scott Bessent on Fortune.
The extension of the truce could influence Bitcoin (BTC) and Ethereum (ETH) trading volumes. Historically, such US-China discussions lead to market volatility. No noteworthy crypto market changes have been reported at this moment. For broader insights on how this extension might affect global markets, you can refer to Bloomberg Tax Professional Services.
This truce may avert new tariffs, potentially stabilizing global trade and financial markets. However, the crypto sector has not experienced immediate shifts owing to this development.
Financial markets await further insights from upcoming negotiations. Analysts will monitor potential shifts in trade policies closely, given the involved economic powerhouses. He Lifeng commented that “the negotiations have been constructive,” indicating a positive outlook.
There is speculation about potential impacts on cryptocurrencies, akin to past market reactions. Historical contexts hint at possibilities but immediate effects remain unobserved in the crypto sphere. President Donald Trump was referred to as an influential figure, with sources suggesting “Trump’s involvement remains critical in driving policy directions for the trade talks.” More can be viewed in this Bloomberg article.
