Trump Considers Extending China Tariff Deadline by 90 Days

President Trump is considering a 90-day tariff extension on China, with Treasury Secretary Scott Bessent confirming discussions as of August 12, and pending presidential approval.

The potential extension influences market sentiment, particularly affecting crypto assets like BTC and ETH, but no official tariff changes were announced by August 12.

Trump Weighs 90-Day Extension on China Tariffs

Scott Bessent, Treasury Secretary, told CNBC, “Extension talks were ‘very far-reaching, robust, and very satisfactory’ and ‘pending President Trump’s approval.’”

Bitcoin (BTC) has experienced fluctuations amid ongoing U.S.-China tariff discussions, with its price currently at $119,799.92. The market cap stands at $2.38 trillion, and its 24-hour trading volume has increased by 45.84% to $89.23 billion. Over the past 90 days, BTC observed a 14.97% price increase, reflective of broader market sentiments (CoinMarketCap, August 11, 2025).

Insider analysis from Coincu suggests regulatory decisions impacting tariffs may drive significant shifts in both traditional and crypto markets. Long-term analyses indicate macro trends could be shaped by ongoing trade policies.

BTC Price Volatility Amid Trade Policy Shifts

Did you know? The last-minute shifts and extensions in U.S.–China tariff negotiations have historically caused short-term market volatility, prompting caution among macro-sensitive sectors like cryptocurrency.

market volatility prompted caution among macro-sensitive sectors like cryptocurrency.

The outcome could significantly impact global trade and market dynamics.