China Extends Tariff Relief for U.S. Goods, Bolsters Crypto’s Recovery

China has extended its suspension of a 24% tariff on U.S. goods by another year, potentially boosting the cryptocurrency market and signaling a thaw in trade tensions. The move follows recent meetings between U.S. President Trump and Chinese leader Xi Jinping at APEC, suggesting a commitment to easing the escalating trade war. Analysts view this as positive news for digital assets due to improved liquidity conditions after the tariffs are suspended. Despite recent declines, crypto markets could benefit from a more stable global macroeconomic environment once selling pressure subsides.