{"id":8393,"date":"2025-05-04T08:23:08","date_gmt":"2025-05-04T08:23:08","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=8393"},"modified":"2025-05-04T08:23:10","modified_gmt":"2025-05-04T08:23:10","slug":"bitcoin-rallies-as-trump-adviser-suggests-china-tariffs-could-ease-soon","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/05\/04\/bitcoin-rallies-as-trump-adviser-suggests-china-tariffs-could-ease-soon\/","title":{"rendered":"Bitcoin Rallies as Trump Adviser Suggests China Tariffs Could Ease Soon"},"content":{"rendered":"\n<p>Markets rallied Friday after <strong>White House Council of Economic Advisers Chair Stephen Miran<\/strong> hinted that the U.S. could <strong>roll back its 145% tariffs on China \u201cwithin weeks.\u201d<\/strong> The comments, delivered during a Bloomberg TV interview, reinforced hopes of renewed U.S.-China cooperation and contributed to gains across both equity and crypto markets, including <strong>Bitcoin<\/strong>, which held firm above <strong>$97,000<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Miran: \u201cPresident Committed to a Deal\u201d<\/h3>\n\n\n\n<p>Although Miran is not directly involved in ongoing negotiations, he expressed strong confidence in <strong>President Donald Trump\u2019s ability to strike a trade agreement<\/strong> with China, citing the 2019 \u201cphase one\u201d deal as a successful precedent.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe president has been very clear that he thinks there will be a deal with China,\u201d Miran said. \u201cAnd I think the president is right.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Miran added that he would be surprised if <strong>tariff rates remain at their current levels<\/strong> in the coming weeks. His remarks suggest that a <strong>de-escalation in the trade war<\/strong> may be on the horizon, providing much-needed relief to both the U.S. and Chinese economies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">China Responds with Caution<\/h3>\n\n\n\n<p>Earlier Friday, <strong>China\u2019s Ministry of Commerce<\/strong> released a measured statement, noting that it is still evaluating the trade environment. While no formal agreements have been announced, Miran emphasized that ongoing communication itself is a <strong>positive signal<\/strong>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTalking is better than not talking,\u201d he said, pointing to continued backchannel dialogue as a sign of progress.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Broader Trade Outlook and Implications<\/h3>\n\n\n\n<p>Miran also touched on the potential for <strong>reviving purchase agreements<\/strong> similar to those in the 2020 U.S.-China trade framework. While he refrained from detailing any specific metrics, he noted that trade balancing efforts with both <strong>China and Europe<\/strong> are \u201con the table.\u201d<\/p>\n\n\n\n<p>Despite his limited direct role, Miran stressed that <strong>President Trump often surprises markets with deal-making capabilities<\/strong>, calling them \u201cdeals nobody expects.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bitcoin Reacts as Markets Rally<\/h3>\n\n\n\n<p>Miran\u2019s comments were met with enthusiasm by financial markets. <strong>Bitcoin (BTC)<\/strong> remained stable above <strong>$97,000<\/strong>, reversing much of the panic-driven selloff from early April when prices had dropped to nearly <strong>$75,000<\/strong>. Traders now anticipate a possible <strong>retest of the $100,000 level<\/strong>, especially if a concrete breakthrough in U.S.-China negotiations materializes.<\/p>\n\n\n\n<p>In tandem, U.S. stocks surged, with investors recalibrating expectations around tariffs, trade growth, and global demand. As trade tensions show signs of cooling, risk assets like Bitcoin and tech stocks appear to be the primary beneficiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets rallied Friday after White House Council of Economic Advisers Chair Stephen Miran hinted that the U.S. could roll back its 145% tariffs on China \u201cwithin weeks.\u201d The comments, delivered during a Bloomberg TV interview, reinforced hopes of renewed U.S.-China cooperation and contributed to gains across both equity and crypto markets, including Bitcoin, which held&#8230;<\/p>\n","protected":false},"author":3,"featured_media":8394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[69,524,951],"class_list":["post-8393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitcoin","tag-council","tag-trump-advisor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Rallies as Trump Adviser Suggests China Tariffs Could Ease Soon - Crypto News<\/title>\n<meta name=\"description\" content=\"Trump adviser Stephen Miran signals a possible China tariff rollback \u201cwithin weeks,\u201d lifting market sentiment. 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