Significant progress is being made on a US-China trade deal framework, with talks between President Trump and President Xi Jinping this week focusing on preventing new tariffs. Treasury Secretary Scott Bessent reported that the US and China aim to avoid imposing 100% tariffs on Chinese goods, aiming to stabilize market volatility and potentially boost global risk assets. The potential agreement could help ease concerns surrounding trade tensions, particularly for sectors reliant on Chinese imports such as technology and manufacturing. Experts anticipate a positive impact on financial markets but are observing limited immediate reactions in the cryptocurrency market.