CoinDesk Podcast Network COINDESK DAILY: Trump May Cut China Tariffs 'Substantially' From 145%
Apr 23, 2025
President Trump's recent conciliatory remarks towards China may lead to significant changes in tariffs, impacting Bitcoin prices. As Bitcoin gains traction, a new $3 billion investment vehicle focused on the cryptocurrency is in the works with major players like Cantor Fitzgerald and Tether. The podcast also highlights DeFi Development Corp's increased investment in Solana, showcasing the evolving dynamics of the crypto landscape and its intertwining with global economic policies.
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Bitcoin's Dual Role Under Trade Tensions
- Bitcoin's price rose sharply as President Trump softened his stance on China and Fed Chair Powell's firing risk.
- Bitcoin combines characteristics of a risk asset and a digital gold haven amid trade uncertainty.
Trade Talks Call for Mutual Respect
- Trump hinted at cutting Chinese tariffs from 145% to much lower rates, addressing unsustainable trade levies.
- China urges the U.S. to approach negotiations with equality, respect, and mutual benefit, criticizing high pressure tactics.
Institutional Bitcoin Investment Grows
- Cantor Fitzgerald’s Brandon Lutnick is launching a $3B Bitcoin acquisition vehicle backed by major crypto and investment players.
- This move signals growing institutional interest in crypto under a favorable U.S. regulatory environment.