China Exempts Some US Imports From 125% Tariffs Amid Trade War Uncertainty

China has reportedly exempted certain US imports from its 125% reciprocal tariffs, signaling a potential de-escalation in the ongoing trade conflict. The move comes as Beijing urges businesses to identify "critical goods" to mitigate economic risks, according to a Reuters report. market observers view this as a tentative olive branch, though contradictions persist—Washington claims active negotiations while China denies any formal discussions.

The development carries indirect implications for cryptocurrency markets, where trade war volatility often drives capital toward digital assets as hedges. Bitcoin and Ethereum, traditionally viewed as macro risk-off plays, could see renewed interest if tensions persist. Stablecoins like DAI may also benefit from cross-border trade settlement demand.