China Denies Recent Tariff Talks Amid U.S. Claims – Coincu

China’s Foreign Ministry denies recent tariff negotiations with the U.S., countering claims by U.S. leadership. The announcement has no immediate market impact, and cryptocurrency markets remain unaffected.

The lack of new negotiations amid ongoing trade tensions emphasizes China’s stance, as they focus on economic measures to stimulate local demand.

Official Denial: China Counters U.S. Tariff Claims

China’s Foreign Ministry revealed at a press conference that no recent discussions with the U.S. regarding tariffs occurred, countering claims reported by U.S. leadership. Gao Jianjun, a key spokesperson, provided this update in response to public remarks suggesting otherwise.

The announcement has impacted narratives, emphasizing the lack of new dialogues amid ongoing trade tensions. Despite elevated tariffs, China prepares economic measures to stimulate local demand, which may influence ongoing policy adjustments.

“As far as I know, China and the U.S. have not engaged in discussions or negotiations on the tariff issue,” stated Gao Jianjun, Foreign Ministry Spokesperson, China.

Market reactions remain muted; however, notable figures such as Gao Jianjun and Scott Bessent have reinforced this stance, dismissing any negotiations. Cryptocurrency and financial markets show no direct impacts, reflecting skepticism regarding political statements.

Crypto Markets Stable Amid Trade Tension News

Did you know? Historical trends show potential fluctuations in crypto trading volume due to macroeconomic tensions, underscoring possible future variability.

Bitcoin (BTC) currently trades at $94,751.41, with a market cap of $1.88 trillion, per CoinMarketCap. Its price has shown a monthly increase of 15.43% and a slight 0.32% 24-hour decrease, reflecting recent market stability.

Insights suggest moderate impact on cryptocurrency from these geopolitical events, with no clear correlations identified in current market activity.