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US-China Trade Deal Eases as Trump Cuts Fentanyl Tariffs

US-China Trade Deal Eases as Trump Cuts Fentanyl Tariffs

Author:

Global Cryptocurrency

Published:

2025-10-30 09:53:01

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BTCCSquare news:

In a significant shift in US-China trade relations, President Donald TRUMP announced a reduction in tariffs on Chinese fentanyl following his first face-to-face meeting with President Xi Jinping in six years. The move signals a potential thaw in tensions between the two economic powerhouses.

While the announcement focuses on trade policy, market participants will be watching for secondary effects on risk assets, including cryptocurrencies. Historically, easing trade tensions between the US and China has correlated with improved risk appetite among investors.

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