The ongoing tariff discussions impacting global trade and financial markets are being actively steered by the U.S. Treasury. While some easing has occurred since April, a definitive resolution remains elusive. This uncertainty casts shadows over market stability, particularly affecting cryptocurrency valuations and traditional trade mechanisms. U.S. Treasury Secretary Bessent is playing a central role in these negotiations, outlining how tariff revenue can be used for tax deductions in income tax proposals, framing it as a long-term asset. His aim is to engage with at least 17 international trade partners over the coming weeks, highlighting the unsustainable nature of current tariffs towards China.