- The United States and China signaled on Sunday that they may resume trade negotiations after recent tensions.
- China’s Ministry of Commerce said it is open to greater dialogue on trade and rare earth export policies, including possible license exemptions.
- US President Donald Trump posted a statement expressing optimism and a desire for positive relations with China.
- Earlier actions, including 100% US tariffs on Chinese goods and China’s rare earth export restrictions, caused significant volatility in cryptocurrency and financial markets.
- Analysts and industry insiders expect financial markets to react strongly to any confirmed de-escalation between the two countries.
Representatives from the governments of the United States and China announced on Sunday their willingness to renew trade discussions. These statements come after a period of increased tension between the two countries, which affected global financial markets and the cryptocurrency sector.
In a translated statement, China’s Ministry of Commerce said it is “ready to strengthen dialogue” on trade and recent rare earth mineral export controls. The ministry mentioned that China would “actively consider” license exemptions and additional measures in the rare earth export policy to maintain trade and stable supply chains.
US President Donald Trump responded with a public message the same day, stating: “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want depression for his country, and neither do I. The USA wants to help China, not hurt it!!!” On Friday, Trump announced new 100% tariffs on Chinese imports after China revealed its rare earth export controls. This sequence of announcements triggered a historic 24-hour liquidation event in the cryptocurrency market and led to high volatility.
Financial analysts, such as those from The Kobeissi Letter, noted on social media that market reactions to Trump’s statements remain “incredibly high.” They suggested markets could rebound if the US adopts a less confrontational tone.
The Asia-Pacific Economic Cooperation (APEC) summit in Seoul is scheduled for October 31. While Trump previously said there was “no reason” to meet Chinese President Xi Jinping at the summit—an apparent response to the rare earth policy—advisors such as Jeff Park of Bitwise suggested the meeting is still likely. Park added that “it has nothing to do with tariffs,” attributing Trump’s participation to the ceremonial aspects of such events.
The rare earth minerals at the center of these discussions are used in important technology products like smartphones and electric vehicles. Recent policy changes and official statements from both sides indicate possible movement toward easing the trade dispute.
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