Crypto Markets React as Trump Walks Back 100% Tariff Threat on China

US President Donald Trump clarified on Friday that his proposed 100% tariffs on Chinese goods "won't stand," signaling a less aggressive trade policy than previously feared. This shift eased concerns over global risk sentiment, which had previously worried traditional and crypto markets. In response to this perceived relief signal for risk-on assets, Bitcoin's price showed a slight uptick, increasing by nearly 2% on the 1-hour chart. Trump's comments, which also emphasized that China had previously taken advantage of the US, suggested a reversal of that dynamic, though the specific future tariff structure remains unclear.

(Source：BeInCrypto)