China has announced the suspension of additional tariffs on U.S. goods, a move that aims to stabilize global trade relations and foster economic recovery. This decision, effective November 10, 2025, was confirmed by President Xi Jinping and President Donald Trump, marking a significant development in bilateral trade discussions.
The suspension of tariffs strengthens economic ties between the two global powers and has already precipitated a positive reaction in cryptocurrency markets. Major digital assets like Bitcoin and Ethereum have experienced increased trading volumes, reflecting enhanced market stability and investor confidence following the announcement.
China Halts 24% Tariff on U.S. Imports for One Year
China has suspended the additional 24% tariffs on U.S. imports for a period of one year, as stated by President Xi Jinping. President Xi Jinping remarked, "We have reached a consensus with President Trump to extend the suspension of additional tariffs on U.S. goods for one year. This is a step toward stabilizing global trade and supporting economic recovery." This initiative follows recent discussions with U.S. President Donald Trump, underscoring mutual efforts to stabilize global trade dynamics.
In parallel, the United States will implement a 10% reduction on tariffs levied on Chinese goods, commencing on the same effective date. This action was announced by the U.S. Department of Commerce, with both nations expressing a commitment to cultivating improved economic relations.
Crypto Platforms See Trading Volume Boost Post-Announcement
The suspension of tariffs has led to a notable increase in trading volumes across various cryptocurrency platforms. Bitcoin and Ethereum, in particular, have witnessed heightened activity, suggesting a positive shift in sentiment among both individual investors and institutional players within the digital asset space.
Financial experts have anticipated a reduction in market volatility as a consequence of these trade developments. Political analysts view this event as a positive indicator for strengthening U.S.-China ties, potentially leading to significant economic growth in sectors that are closely linked to international trade and investment.
Past Trade Truces Lead to Bitcoin Rallies
Historical instances of trade truces between the U.S. and China have previously correlated with rallies in Bitcoin's price. For example, the Phase One Deal in 2019 was followed by a 12% increase in Bitcoin's value. Such resolutions in trade disputes tend to contribute to more optimistic market conditions for risk assets.
Market analysts predict a sustained period of risk-on sentiment, with Bitcoin potentially challenging and surpassing its previous all-time highs. This outlook is further supported by growing institutional interest in digital assets and the prevailing stability in macroeconomic conditions.