US-China Trade Deal Could Signal Shift for Global Markets and Crypto
President Donald Trump and Chinese President Xi Jinping finalized a one-year trade deal in South Korea on October 30, 2025, suspending major tariffs and export restrictions. The agreement follows months of escalating tensions, including a crypto crash on October 11 that erased $19 billion in 24 hours. Despite the de-escalation, crypto markets have reacted cautiously.
China will suspend rare earth mineral export controls—critical for tech and military manufacturing—and halt fentanyl precursor shipments to the U.S. Retaliatory tariffs imposed since March 2025 will be lifted. The U.S. will reduce tariffs on Chinese goods by 10% starting November 10, 2025, and extend key exemptions. China committed to purchasing 12 million metric tons of U.S. soybeans by year-end, with annual purchases of 25 million tons through 2028.
