Escalating U.S.-China Tensions Impact Global Markets, Crypto Economy

Tensions between the United States and China are escalating, raising concerns about their impact on global financial markets and the crypto industry. While recent softening statements from former President Trump had fueled hopes for de-escalation, fresh comments from Beijing have dashed optimism regarding trade negotiations. 🇨🇳🇺🇸 Despite speculation about progress in talks over the past few days, Chinese authorities officially denied any such advancements, stating that talks can only proceed if all unilateral tariffs are fully removed by the U.S.