NewsletterDonald Trump- ‘Big Announcement, Coming Soon’
Highlights
- Donald Trump is in talks with 17 countries over fresh trade deals.
- Insiders expect major announcement in the coming weeks.
- India and the UK are offering significant trade concessions to the US.
US President Donald Trump is soon going to make a major announcement. US Treasury Secretary Scott Bessent says the US is in talks with 17 key trade partners, hinting at a seismic announcement capable of jolting the crypto market.
Donald Trump Negotiates With Key Trade Including China amid Trump Tariffs
As tariffs heat up, US Treasury Secretary Scott Bessent says the US is in talks with 17 out of 18 key trade partners. According to an X post by the pseudonymous Walter Bloomberg, the discussions revolve around Trump tariffs and fresh concessions being offered by US trade partners.
As reported by Coingape, China has also agreed to restart trade talks and negotiations. The trade war has taken a toll on global economics with markets including crypto eagerly awaiting the next updates.
Bessent testified before the House Appropriations Subcommittee on Financial Services and General Government, confirming ongoing discussions. Per Bessent, the lone nation not engaged in trade negotiations with Donald Trump is China, noting that a major announcement is in the offing.
“I would think that perhaps as early as this week, we will be announcing trade deals with some of our largest trading partners,” said Bessent.
Already, India has offered big concessions in the trade war with the US, providing a template for incoming trade deals.
Details of the announcements are under wraps, but a consensus is that the US will lower tariffs on key imports. A previous Coingape report anticipates a UK-US pact to lower steel and car export tariffs this week.
What can be this President Trump’s Announcement?
Scott Bessent’s disclosure of an incoming ‘major announcement’ by Donald Trump has whipped the crypto markets into a frenzy. However, in the minutes following the disclosures, Bitcoin’s daily trading volume rose to $23 billion while prices gained a modest 1% as investors brace for impact.
While investors have their eyes peeled on trade negotiations, emerging reports indicate an incoming “earth-shattering” announcement by President Donald Trump.
“It’s not about trade. It’s about something else,” wrote financial commentary platform The Kobeissi Letter. “A positive development for this country.”
This comes barely hours after India launched a volley of missiles into Pakistan, sparking concerns of a potential crypto crash. Pseudonymous cryptoanalyst Crypto TA King warns that an all-out military conflict between the two nations will adversely affect crypto prices.
As the spectre of bearishness hangs around the market, key declarations by Donald Trump can prop up cryptocurrency prices. Opening discussions with China is a potential needle-moving event, capable of triggering a cryptocurrency rally for the broader market.
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