Trump analyzed: The US-China trade talks have made significant progress! Bitcoin price hits $105,000

Senior officials of the United States and China began to hold key trade talks in Geneva, Switzerland yesterday (10). After the first day of the meeting, US President Trump issued a statement at Truthsocial at around 7 a.m. this morning saying that the two sides have made "significant progress."

"I had a very good meeting with China in Switzerland today. A lot of things were discussed and a lot of consensus was reached.

Negotiate a new adjustment plan in a friendly but constructive manner.

For the interests of China and the United States, we hope to see China open to American companies. Great progress has been made! ! ! ”

Geneva talks send positive signals, the outlook remains variable

The highly anticipated talks were face-to-face exchanges with senior representatives such as Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.

Trump's statement has brought a slight easing to the continued tense trade relations in the market.

But despite the positive atmosphere of the talks, both sides still face severe challenges.

Before the talks, Trump proposed to consider reducing tariffs on Chinese goods from 145% to 80%, which attracted market attention.

White House spokesman Karoline Leavitt quickly clarified his position and emphasized: President Trump's position has not changed, and the United States will not unilaterally lower its tariffs on China unless China makes corresponding concessions.

It is generally believed that the probability of a major breakthrough in this talk is not high.

And even if the US tariffs on China really drop to 80%, this will still have a significant impact on domestic prices in the United States (such as clothing, sports shoes, toys, etc.) and may continue to lead to commodity shortages.

In addition to tariffs, the negotiation table may also involve complex issues such as rare earth minerals, semiconductor export controls, ownership of corporates such as TikTok, fentanyl trafficking and control of major waterways.

Bitcoin hits $105,000

It seems that it is inspired by the expectation of easing trade tensions between China and the United States. Bitcoin is approaching $105,000 at around 7 o'clock this morning, and fell back to $104,020 before the deadline. If it can stand firm at the $103,000 level, it is expected to challenge a higher price level.

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