Trump says China has reached out for trade deals

Source Cryptopolitan

President Donald Trump said on Thursday that China has reached out for trade talks. Trump signaled that he is reluctant to impose further tariffs on China because doing so would delay a trade deal. 

Speaking to reporters in the Oval Office, the president said people he regards as direct envoys of Chinese leader Xi Jinping had “reached out a number of times” in recent days. “I have a very good relationship with President Xi, and I think it’s going to continue,” Trump said. 

Asked if Xi himself had called, Trump replied, “Well, the same. I view it very similar. It would be top levels of China.”

Trump’s comments come after months of rising import duties that have pushed U.S. taxes on Chinese goods to a combined 145 percent and prompted Beijing to retaliate with tariffs of 125 percent. 

The trade war has halted commerce between the world’s two largest economies and complicated a separate effort to force ByteDance Ltd. to divest TikTok’s American operations.

On Thursday, the President suggested for the first time that further tariff hikes could backfire. “At a certain point I don’t want them to go higher because at a certain point you make it where people don’t buy,” he said. “So I may not want to go higher, or I may not want to even go up to that level. I may want to go to less because, you know, you want people to buy.”

Trump may provide a relief in tariffs if China accepts TikTok divestiture

Both capitals have insisted that the other side make the next move. Even so, Trump sounded upbeat about the chances of linking a wider trade deal with a TikTok deal. “Well, we have a deal for TikTok, but it’ll be subject to China, so we’ll just delay the deal till this thing works out,” he said.

He argued that selling TikTok’s U.S. assets to “some of the best companies in the world” would satisfy American security worries and still benefit Beijing. “I think it’s a good deal for China,” he said. “TikTok is good for China. And I think they’d like to see us do a deal, especially the deal that we have pretty much done.”

When asked about whether tariff relief might be offered if China accepts the divestiture plan, the president answered that nothing was off the table. 

“It’s a natural — if we’re making a deal. I guess we’ll spend five minutes to talk about TikTok. It wouldn’t take very long,” he said.

Trump declined to describe any timetable for new talks or for easing duties. He also avoided saying whether he and Xi had spoken directly, stressing instead that any overture from Beijing would reflect Xi’s personal approval. “If you knew him you would know that if they reached out, he knew exactly,” Trump said. “He knew everything about it, he runs it very tight, very strong, very smart.”

With both sides dug in publicly, it remains unclear how soon formal negotiations might resume. But Thursday’s remarks signal the White House could recalibrate its tariff strategy if it believes the two superpowers are ready to bargain on a package that revives trade flows and settles the future of TikTok in the U.S.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin's 2025 Gains Erased: Who Ended the BTC Bull Market?After slumping below $93,500, 2025 Bitcoin price gains have been completely wiped out. Investors are puzzled as to why its bull market, underpinned by political tailwinds, institutionaliz
Author  TradingKey
7 hours ago
After slumping below $93,500, 2025 Bitcoin price gains have been completely wiped out. Investors are puzzled as to why its bull market, underpinned by political tailwinds, institutionaliz
placeholder
Oil Extends Losses as Russian Port Resumes Operations, Easing Supply FearsOil prices fell further on Monday as market participants reacted to signs of resumed activity at Russia’s key Novorossiysk export terminal on the Black Sea, easing concerns over a prolonged supply disruption after a Ukrainian drone strike last week.
Author  Mitrade
10 hours ago
Oil prices fell further on Monday as market participants reacted to signs of resumed activity at Russia’s key Novorossiysk export terminal on the Black Sea, easing concerns over a prolonged supply disruption after a Ukrainian drone strike last week.
placeholder
Bitcoin slides deeper into red as bears lean on $96,600 wall and eye $90,000Bitcoin extends its decline after failing to reclaim $96,500, trading below $95,000, the 100-hour SMA and a bearish trend line near $96,600; unless bulls can force a decisive close back above $96,600–$97,200, the short-term path of least resistance stays lower, with $92,500, $90,000 and the main $88,500 support zone in focus.
Author  Mitrade
14 hours ago
Bitcoin extends its decline after failing to reclaim $96,500, trading below $95,000, the 100-hour SMA and a bearish trend line near $96,600; unless bulls can force a decisive close back above $96,600–$97,200, the short-term path of least resistance stays lower, with $92,500, $90,000 and the main $88,500 support zone in focus.
placeholder
Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
Author  Mitrade
14 hours ago
Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
placeholder
Gold Price Forecast: XAU/USD recovers above $4,100, hawkish Fed might cap gainsGold price (XAU/USD) recovers some lost ground to near $4,105, snapping the two-day losing streak during the early European session on Friday. The precious metal edges higher on the softer US Dollar (USD).  Traders will take more cues from the Fedspeak later on Monday.
Author  FXStreet
15 hours ago
Gold price (XAU/USD) recovers some lost ground to near $4,105, snapping the two-day losing streak during the early European session on Friday. The precious metal edges higher on the softer US Dollar (USD).  Traders will take more cues from the Fedspeak later on Monday.
goTop
quote