US President Donald Trump clarified on Friday that proposed 100% tariffs on Chinese goods “won’t stand”, suggesting a softer stance than initially feared.
The statement comes amid rising global trade tensions and has already stirred speculation in traditional and crypto markets alike.
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Bitcoin Rises as Trump Softens on China Tariffs
While the initial threat of aggressive tariffs raised concerns over global risk sentiment and capital flight, Trump’s latest comments signal a potential easing in trade policy.
This shift has been interpreted as a relief signal for risk-on assets. In response, Bitcoin price showed a slight uptick, up nearly 2% on the 1-hour chart.
