Crypto Surges as U.S. Treasury Floats China Tariff Relief—Traders Bet on Risk-On Revival

Bitcoin and altcoins rallied sharply after U.S. Treasury officials signaled potential tariff reductions on Chinese imports—because nothing fuels speculative assets like geopolitical theater masquerading as economic policy. Key moves: BTC reclaimed $67K, ETH topped $3.2K, while tariff-sensitive industrial tokens like FIL and VET outpaced majors. The market’s Pavlovian response? Buy first, ask questions later—after all, when has crypto ever waited for actual policy implementation? (Spoiler: Never.)

A doable ‘slog’

While Bessent reportedly called the road ahead a “slog,” both governments are not comfortable maintaining the current trade status quo.

Additional context from the source suggests that rebalancing the trade dynamics between the two nations could involve recalibrating each country’s economic priorities. The U.S. is reportedly interested in boosting manufacturing capacity, while acknowledging that China favors industrial output over consumer-driven growth.

While the path forward remains uncertain, attendees came away with the impression that the U.S. is aiming to stay engaged with China. However, it will do so under the Trump administration’s stated goal of more equitable trade conditions.

The White House and Treasury Department have not issued any public statements regarding new negotiations. However, the tone and substance of the reported remarks suggest that early groundwork for a policy change may already be underway.