Trade tensions between the US and China appear to be softened, as representatives from both governments released statements on Sunday that signal a willingness to continue trading negotiations, giving analysting analysts of a market revealing.
To a translated statementChina’s Ministry of Commerce said “ready to strengthen dialogue” with other trading countries and the recently announced rare mineral export controls that explore trading tensions between the US and China.
The speaker also said China would “actively consider” the provisions of rare land export policies to facilitate trade and strengthen supply chains, including “license exemptions.” The President of the United States issued this statement On the same day:
“Don’t worry about China, everything will be fine! President Xi is so respected that he just had a bad moment. He didn’t want to be depressed for his country, nor did the USA want to help China, it would not hurt it !!!”
China’s rare announcement in exporting lands has pushed a response from US President Donald Trump on Friday to send Crypto markets have crashed In Worst 24 hours of extermination event In the history of crypto.
Softened rhetoric can signal a de-escalation of tensions between the two countries that could end the months of global trade tension, triggered by Trump’s trade tariffs, which caused financial markets.
Related: Bitcoin plummets at $ 102k in Binance as Trump announced 100% tariffs in China
Investment analysts and crypto industry executives remain hopeful
“If President Trump and De-Escales respond to Sunday, markets are set for a huge jump on Monday. The reactive market in Trump’s posts remains incredible,” the investment analysts in Kobeissi’s letter write On Sunday.
On Friday, Trump Says No “no reason” to meet the president of China, Xi Jinping, at the Asia-Pacific Economic Cooperation (APEC) Summit in Seoul, Korea, which is set to kick off on October 31, in response to China’s Rare Earth Export Control.
Trump also announced Additional 100% tariffs in China as a countermeasure to suggested rare land export controls.
However, Jeff Park, a advisor to the investment company Bitwise, Says That assembly between Trump and Xi Jinping is “guaranteed to happen.”
“It has nothing to do with the tariffs,” Park argued, adding that Trump would attend the meeting because he was motivated by “historic memorabilia, photo ops, and excessive ceremony to secure his immortality.”
Magazine: China is joking with US crypto policies, new dark telegram markets: Asia Express
