Breaking: Trump Backtracks on 100% China Tariff Threat Says ‘Don’t Worry, It’ll Be Fine’
Highlights
- Donald Trump reassures markets, saying U.S. wants to help China, not hurt.
- His comments come amid global and crypto market fears over trade wars between both countries
- Bitcoin and stocks had experienced sharp losses trade wars escalated between the U.S. and China.
President Donald Trump has moved to ease tensions between Washington and Beijing with a fresh message of reassurance toward China. His statement comes as Bitcoin and other cryptocurrencies extend losses amid fears of a broader economic slowdown led by China’s weakening economy.
Donald Trump’s Remarks Aim to Calm Global and Crypto Market Fears
In a post shared on X through his Truth Social account, Donald Trump said Americans should not worry about China, insisting that “it will all be fine.”
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 U.S.A. wants to help China, not hurt it!!! President DJT
(TS: 12 Oct 12:43 ET)…
— Trump Truth Social Posts On X (@TrumpTruthOnX) October 12, 2025
The president praised Chinese leader Xi Jinping, describing him as “highly respected” and suggesting that recent troubles in China’s economy were only temporary.
“President Xi just had a bad moment,” Donald Trump wrote. “He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!”
The statement comes at a time of renewed concern over China’s economic slowdown and the potential spillover effects on global financial markets, including the crypto market. A sharp crypto market decline on October 10 coincided with Donald Trump’s announcement of a 100% tariff on China goods after the latter announced the same.
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