US-China Tariff Reductions: Will Bitcoin Weather the $108K Dip?

In a significant development, US and Chinese leaders met in South Korea, leading to tariff reductions on Chinese goods. President Trump announced specific reductions, including a 10% tariff reduction for fentanyl and a reduction from 57% to 47% overall for imports from China. The two nations also agreed to collaborate on the war between Russia and Ukraine, with China set to discuss chip restrictions with Nvidia. Further agreements were made on rare earth supplies and a planned visit by President Trump to China in April 2026.