Trump Slashes China Tariffs to 80% Ahead of May 10 Trade Talks

By: cryptosheadlines|2025/05/10 04:45:06
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com President Donald Trump has made a U-turn in the US-China trade war. He now proposes 80% tariffs on Chinese imports, down from the 145% duties imposed in April 2025.But why a sudden change? This soft stance on tariffs may be a result of pressure from financial markets and advisors like Treasury Secretary Scott Bessent, who felt the higher rates were “unsustainable,” and aimed to stabilize economic ties as trade talks with Beijing loom. The tariffs triggered intense market volatility, with China retaliating through 125% duties on US goods. This tit for tat actions caused uproar to global supply chains and impacting market prices. Can this be fixed? Yes, the reduced tariffs may signal a probable de-escalation, and hoping for smoother US-China relations.Trump Defends His MoveIn a whirlwind of Truth Social posts, President Trump hinted at an 80% tariff on China, leaving the decision to Scott Bessent. Days later, he softened, suggesting lower tariffs if talks go well. This comes after dismissing tariff rollbacks on China’s 145% duties. Trump also demanded China open its markets, claiming it’s “so good” for them. Is this a strategic dance or a policy pivot? Saturday’s talks may tell.Scott Bessent To Take The Final Call: TrumpTrump defends his proposal of an 80% tariff on China. He added that the final call will be taken by US Treasury Secretary Scott Bessent, as the latter will lead the team to negotiate in trade talks to be held on May 10.Will These Trade Talks Impact Bitcoin’s Bull Run?Trump’s proposed 80% tariffs on Chinese imports, which have been making news for a while, had no impact on Bitcoin’s rally as it crossed $100K comfortably on Thursday. Reduced tariffs could stabilize markets, pushing Bitcoin further. However, stalled talks may risk volatility. Investors eye negotiations closely as the negotiations happen on May 10.Source link

You may also like

a16z New Article: Predictive Markets Entering Fast-Forward Phase

Data, systems, and transactions are accelerating the institutional penetration of the market.

a16z founder: In the age of Agents, what truly matters has changed

The best programmers in the future may not need to write code, but they must have strong logical reasoning and system architecture thinking, because code will become a cheap commodity due to AI.

The President of Kyrgyzstan meets with Sun Yuchen, and TRON collaborates with Kyrgyzstan to build a new pattern of digital economy in Central Asia

This meeting focused on the global trends in digital financial transformation, the construction of regulatory frameworks for virtual assets, and the strategic layout of the TRON ecosystem in Central Asia, marking a substantial phase in the cooperation between TRON and Kyrgyzstan in the fields of blo...

46 minutes, $292 million stolen, DeFi faces development dilemma again

"Let's withdraw from DeFi first, it's too dangerous. This time the damage is much greater than Drift/Cowswap..." said well-known DeFi investor Dovey Wang.

How to Earn Free USDT in 2026: No High Volume Required (WEEX Poker Party Guide)

Is Joker Crypto legit in 2026 or just another memecoin? Can You Really Earn Passive Income with Joker Crypto in 2026? Learn how Joker staking rewards work, how to earn NFT bonuses, expected APY ranges, gas-fee rebates, and how to avoid crypto scams before joining.

How to Get Free USDT Welcome Bonus in 2026: Earn Up to 700 USDT on WEEX

Legit Free Welcome Bonus 2026: Learn how to earn up to 700 USDT on WEEX with Auto Earn Boost Fest. Increase your balance, activate Auto Earn, and qualify automatically.

Popular coins

Latest Crypto News

Read more