China Rejects Trump’s Trade Deal Claims, Demands Tariff Removal

China has firmly denied President Trump’s assertions regarding progress in trade talks, labeling his statements as "fake news." The Commerce Ministry reiterated that the U.S. must unilaterally remove all tariffs imposed on Chinese goods, emphasizing that Washington initiated the trade barriers. "He who tied the bell must untie it," spokesman He Yadong stated, invoking a traditional Chinese proverb.

Investor Optimism briefly surged after Trump hinted at reducing "astronomical" duties on Chinese imports, suggesting future negotiations would take a softer tone. However, Beijing’s swift dismissal underscores the lingering tensions between the two economic powerhouses. The standoff continues to cast uncertainty over global markets, though cryptocurrency traders remain focused on macro volatility as a potential catalyst for Bitcoin and altcoin movements.