Trump Announces Trade Reset with China: Market Impact and Potential for Crypto Volatility

President Donald Trump announced a complete reset in U.S.-China trade relations following successful negotiations in Geneva, agreeing to reduce tariffs by 90% for the next 90 days. This move aims to avert economic decoupling between the two nations. The deal, facilitated by the Treasury Secretary Scott Bessent, comes after productive talks focusing on structural issues within their trade agreement. Trade impacts are expected to be significant and ripple through global markets, particularly in the cryptocurrency sector. Historical data suggests that similar economic policy shifts often result in volatility for risk assets, including Bitcoin and Ethereum.