Trump-Xi Summit Aims to Stabilize Bitcoin with Tariff Cuts
On Oct. 30 in South Korea, President Donald Trump met Chinese leader Xi Jinping to de-escalate US-China trade tensions by agreeing to reduce Chinese import tariffs and ease export controls on rare-earth elements. These measures target supply-chain disruptions that weighed on the crypto market, notably Bitcoin, which tumbled from $121,560 to below $103,000 amid tariff threats. US miners also faced a 19% duty on Malaysian mining hardware, raising operational costs. Market data show Bitcoin often rallies over 10% following positive trade developments. Easing tariffs and rare-earth limits could lower hardware expenses, bolster mining profitability and stabilize Bitcoin volatility. Traders should monitor policy updates and trading volumes for early signals of market recovery.
Bullish
Reducing US-China tariffs and easing rare-earth export controls can lower costs for Bitcoin miners by cutting expenses on hardware imports. In the short term, such policy clarity may trigger a bullish spike in Bitcoin prices as traders anticipate restored mining profitability and reduced supply-chain risks. Market data suggest Bitcoin rallies of over 10% following positive trade developments, reinforcing this uptick. In the long term, stable trade relations could sustain higher mining output and increase network security, supporting Bitcoin’s price floor. Overall, the tariff relief and rare-earth easing signal a more favorable operational environment, which is likely to drive bullish sentiment among crypto traders.