President Trump claims, trade deal with China signed originally appeared on TheStreet.
President Donald Trump said on June 26 that the United States had reached a trade-related agreement with China, though he did not provide any further details.
The crypto markets are starting to pick up momentum. Bitcoin is up 0.2% since the last hour, trading at $107,874, as per Kraken.
The president made the brief comment at a White House event promoting his proposed government spending bill, in which he urged Congress to pass it before the July 4 holiday, as reported by Reuters.
The details of the China agreement and its implementation are unclear. The remarks come as the Trump administration continues to revamp U.S. trade policy and reduce its reliance on Chinese goods.
Traditionally, U.S.-China trade deals have reduced global market uncertainty and boosted risk asset sentiment, including cryptocurrency.
As per Kraken's price feed, Bitcoin closed at $82,485.71 on April 2, down from an intraday high of $88,466.95, reflecting a shocking drop in its price.
Since then, Bitcoin has made a remarkable comeback, rising more than 29% to stay around $107,000 at press time.
A new deal in 2025 could also result in surging crypto prices, as liquidity improves, the dollar weakens, and cross-border capital flows resume. It is also estimated that a U.S.-China deal could lead to fund inflow into crypto markets.
Softer trade barriers also underpin institutional appetite for alternative assets such as Bitcoin.
However, with those hopes hanging on whether the agreement will amount to anything—and be enough to settle tariff issues—markets may also remain cautious, and price advances could be short-lived.
President Trump claims, trade deal with China signed first appeared on TheStreet on Jun 26, 2025
This story was originally reported by TheStreet on Jun 26, 2025, where it first appeared.
