Bitcoin Surges as US and China Slash Tariffs in 90-Day Deal
05/12/2025 14:14
US-China ease trade war with a 90-day tariff cut; crypto and global markets respond with cautious optimism.
In a significant step toward de-escalating the ongoing trade conflict between the United States and China, both nations have agreed to a 90-day reduction in tariffs on each other’s goods.
The announcement, made on May 12, 2025, sees the US lowering its tariffs on Chinese imports from 145 percent to 30 percent, while China will reduce its tariffs on U.S. goods from 125 percent to 10 percent for the same period.
US-China Slash Tariffs, Bitcoin Reacts Fast
The decision follows months of escalating trade tensions that have disrupted global markets and strained economic relations. The crypto market also took a hit, with Bitcoin’s price plunging below $80,000 following President Trump’s tariff announcements on April 2.
Nonetheless, BTC rebounded strongly from its April lows and has continued rallying. Notably, after this announcement, the largest cryptocurrency has surged 1.4%, hitting highs not seen since January 3.
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Kamina is a journalist at BeInCrypto, where she writes about all things crypto—think market trends, blockchain technology, regulatory shifts, and emerging trends in the digital asset world. With a gold medal in MBA International Business and extensive experience, she brings both expertise and clarity to her reporting. Previously at AMBCrypto, Kamina was responsible for writing and editing in-depth analyses, price predictions, AI and crypto blogs, and breaking news. She’s passionate about...
Kamina is a journalist at BeInCrypto, where she writes about all things crypto—think market trends, blockchain technology, regulatory shifts, and emerging trends in the digital asset world. With a gold medal in MBA International Business and extensive experience, she brings both expertise and clarity to her reporting. Previously at AMBCrypto, Kamina was responsible for writing and editing in-depth analyses, price predictions, AI and crypto blogs, and breaking news. She’s passionate about...
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