China Suspends 24% US Tariff; Bitcoin Immediately Reclaims $100,000
- China said it will suspend the extra 24% tariff on U.S. goods from Nov. 10, triggering a fast risk-on response in crypto.
- Bitcoin rebounded about 3% to near $101,771 after the announcement, keeping price back above the six figure zone.
- Beijing will still keep a 10% levy and some agricultural taxes, so traders see this as an easing signal, not a full reset.
The Chinese government has announced it will suspend the 24% additional tariffs currently imposed on US goods. The State Council’s tariff commission confirmed the policy change will take effect on November 10. This move marks a significant effort to de-escalate the ongoing economic conflict with the United States.
Related: Crypto Bull Run: Analyst Spots a Trend Led by the US-China Tariff War Resolution
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Analysts anticipate this policy shift will catalyze a broader market …
Read The Full Article China Suspends 24% US Tariff; Bitcoin Immediately Reclaims $100,000 On Coin Edition.
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China Suspends 24% US Tariff; Bitcoin Immediately Reclaims $100,000
- China said it will suspend the extra 24% tariff on U.S. goods from Nov. 10, triggering a fast risk-on response in crypto.
- Bitcoin rebounded about 3% to near $101,771 after the announcement, keeping price back above the six figure zone.
- Beijing will still keep a 10% levy and some agricultural taxes, so traders see this as an easing signal, not a full reset.
The Chinese government has announced it will suspend the 24% additional tariffs currently imposed on US goods. The State Council’s tariff commission confirmed the policy change will take effect on November 10. This move marks a significant effort to de-escalate the ongoing economic conflict with the United States.
Related: Crypto Bull Run: Analyst Spots a Trend Led by the US-China Tariff War Resolution
Bitcoin Rallies on Easing Tensions
Analysts anticipate this policy shift will catalyze a broader market …
Read The Full Article China Suspends 24% US Tariff; Bitcoin Immediately Reclaims $100,000 On Coin Edition.
Read More
On-chain moves don’t tell the full story: Why OG Bitcoin whales may not be cashing out