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U.S. and China Aim to Extend Tariff Truce in Stockholm

7/28/2025

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Summary

U.S.-China Tariff Negotiations

U.S. and Chinese officials are gathering in Stockholm to negotiate an extension of their 90-day tariff truce before the looming August 12 deadline. Treasury Secretary Scott Bessent and Vice Premier He Lifeng are determined to avert tariff escalations that threaten to unravel global supply chains, building on previous discussions held in Geneva and London.

Summary

Bitcoin Price Surge

Bitcoin's price skyrocketed to $119,700, fueled by hopes of a 90-day tariff truce between the U.S. and China. This surge, bolstered by strong institutional interest and a record hashrate, ignited a market rally, lifting Ethereum and Binance Coin alongside. Traders eagerly anticipate upcoming negotiations, seeking insight into future price trends.

History

Historical Context

Since January 2018, escalating trade tensions between the U.S. and China have seen multiple rounds of tariffs, initiated by President Donald Trump to address alleged unfair trade practices. In January 2020, a phase-one trade deal was signed, but China failed to meet its $200 billion import commitment. Current negotiations aim to extend a 90-day truce, reflecting ongoing efforts to stabilize global supply chains.

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U.S.-China Tariff Negotiations

U.S. and Chinese officials are gathering in Stockholm to negotiate an extension of their 90-day tariff truce before the looming August 12 deadline. Treasury Secretary Scott Bessent and Vice Premier He Lifeng are determined to avert tariff escalations that threaten to unravel global supply chains, building on previous discussions held in Geneva and London.

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