U.S. Treasury Secretary Bessent's alleged statement on a pending meeting between Trump and Xi remains unverified, while President Trump hints at canceling due to trade tensions.
Market uncertainty looms as Trump's potential cancellation impacts stocks and crypto, with no confirmed shifts in major digital asset flows or investments.
President Donald Trump has raised doubts about his planned meeting with Chinese President Xi Jinping, amid escalating trade tensions. Recent trade restrictions and tariff threats have influenced his decision.
Trump cited new Chinese export controls on rare earth minerals as a key concern. His own tariff threats further heighten global trade uncertainties.
The uncertainty surrounding the meeting has caused a significant sell‑off in the stock market. Investors react to the potential impact on global trade.
Financial implications could extend beyond equities, affecting the Chinese yuan and rare‑earth‑related stocks. Cryptocurrencies may also experience increased volatility.
No on‑chain data or major crypto market flows have been directly linked to these trade tensions. Historical data shows previous trade disputes led to temporary dips in DeFi protocols.
Cryptocurrencies like BTC and ETH might see safe‑haven demand if trade tensions continue. Macro uncertainties historically favor such assets, potentially impacting DeFi protocols tied to global trade. "No reason" to proceed with the previously announced meeting with Chinese President Xi Jinping, directly referencing new Chinese trade restrictions and tariff threats.