Bitcoin price has climbed sharply to $96,500 following confirmation that China and the United States will resume formal trade negotiations this week. This marks the first direct engagement between both governments since President Donald Trump returned to office in January and introduced new tariffs on Chinese goods.
Crypto markets responded immediately after the announcement. Bitcoin price rose by more than $1,700 within 10 minutes, while other cryptocurrencies also recorded gains.
XRP price has increased by 1% to $2.15, Cardano price rose 3% to $0.679, and Dogecoin price climbed 1.5% to $0.1721. Analysts attributed the rise to growing investor confidence that tensions between the two economic powers may ease.
China Confirms Restart of US Trade Talks
US and Chinese trade officials are set to meet in Switzerland later this week amid Donald Trump’s tease of a “big announcement”. The discussions aim to reopen formal economic dialogue after months of growing tariff disputes. Both nations released official statements confirming the meeting.
US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will lead the American delegation. China’s Ministry of Foreign Affairs announced that Vice Premier He Lifeng will represent Beijing. He serves as the lead official for China-US trade relations.
“The Vice Premier will hold a meeting with US Treasury Secretary Scott Bessent to discuss trade issues,” said a spokesperson from China’s Foreign Ministry. The US Trade Representative’s office also confirmed that Greer will meet his Chinese counterpart to continue discussions on trade-related matters.
Trump Tariff Measures Disrupt Trade Flows
The resumption of talks comes after several months of aggressive tariff measures by both countries. Since President Trump’s return in January, the US has imposed new tariffs totaling 145 percent on Chinese imports. These include extra duties on technology, steel, and agricultural products.
China responded by applying 125 tariffs on US goods entering its market prompting a Bitcoin price volatility. These countermeasures include targeted restrictions on key US exports such as soybeans, semiconductors, and automobiles. The high trade barriers have disrupted commerce between the two nations, which had already been strained by previous rounds of tariffs.
The US Treasury has said that it remains open to resolving disputes if other countries offer “fair and reciprocal terms.” A statement released by the Treasury also mentioned that trade teams are engaged with 17 countries as part of broader economic talks.
India, Malaysia Make Proposals Ahead of 90-Day Deadline
In a separate development, India and Malaysia have submitted proposals aimed at easing tensions with Washington. India has offered zero tariffs on selected sectors, hoping to convince the Trump administration to relax its recent measures. Malaysia has reportedly made a similar offer hence boosting the optimism in the crypto market as reflected in the rising Bitcoin price.
The US administration has set a 90-day deadline for resolving several trade disagreements. That period is now approaching, and countries are working to find resolutions before new tariffs take effect. Treasury Secretary Bessent recently stated that the US is looking at offers “seriously” and that updates may follow soon.
“We are considering several proposals from major partners,” Bessent said during a press briefing. “We expect to make a major announcement soon, one that could affect global markets.”
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: