US President Donald Trump clarified on Friday that proposed 100% tariffs on Chinese goods “won’t stand”, suggesting a softer stance than initially feared.
The statement comes amid rising global trade tensions and has already stirred speculation in traditional and crypto markets alike.
Bitcoin Rises as Trump Softens on China Tariffs
While the initial threat of aggressive tariffs raised concerns over global risk sentiment and capital flight, Trump’s latest comments signal a potential easing in trade policy.
This shift has been interpreted as a relief signal for risk-on assets. In response, Bitcoin price showed a slight uptick, up nearly 2% on the 1-hour chart.
“They’re always looking for an edge. They ripped off our country for years.”
“China — boy, they did a number on our country. They took money out. Now, it’s reversed.”
“We have a very strong adversary and they only respect strength.”
EXCLUSIVE: President Trump talks trade… pic.twitter.com/RvU1zTR9WJ
— Fox News (@FoxNews) October 17, 2025
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