The US has made it clear that its trade policies with China will not be easing up anytime soon.
US Trade Representative Jamieson Greer has stated that tariffs on Chinese imports will likely remain higher than those imposed on other countries. This implies that the tariffs are a permanent fixture of American trade policy rather than a temporary measure.
The elevated duties could have implications for inflation and Federal Reserve policy, which in turn may affect crypto markets. Historically, major US-China tariff announcements have coincided with spikes in volatility across both traditional and crypto markets.