Xi Jinping and Trump Address China-US Trade Relations

On September 19, Presidents Xi Jinping and Donald Trump discussed China-US relations in a phone call, addressing trade issues, TikTok, and technology tensions, marking potential progress.

The dialogue could ease bilateral tensions, fostering a stable macroeconomic climate potentially beneficial to risk assets, including cryptocurrency markets, through improved US-China cooperation.

Xi-Trump Call Aims to Ease Trade Tensions

Xi Jinping and Donald Trump engaged in a constructive exchange regarding several key points, including the TikTok issue and trade relations. The leaders expressed that achieving mutual success is possible through efforts to achieve mutual respect and win-win cooperation.

The implications of this dialogue include a potential easing of trade tensions, focusing on reducing restrictive measures like tariffs. Both sides aim to address outstanding issues constructively, which may improve the economic landscape for both countries.

China respects the wishes of enterprises and is pleased to see companies conduct business negotiations on the basis of market rules and reach solutions that comply with Chinese laws and regulations while balancing interests. China hopes the U.S. will provide an open, fair, and non-discriminatory business environment for Chinese enterprises investing in the U.S.” — Xi Jinping, President, People’s Republic of China

Market reactions to the call were cautious. Statements from key figures emphasized stability as a priority. ByteDance expressed appreciation for the discussions on TikTok, as potential agreement may ease technology tensions.

Bitcoin’s Stability Amid Geopolitical Developments

Did you know? During previous high-level US-China discussions, markets often stabilize, showing reduced geopolitical risks benefiting various sectors, including technology and finance.

According to CoinMarketCap, Bitcoin (BTC) is currently priced at $115,765.84 with a market cap of $2.31 trillion, reflecting a -1.53% change in the last 24 hours. Its 24-hour trading volume is down 35.53% at $41.90 billion. Despite recent fluctuations, BTC’s 90-day price increased by 12.07%.

The Coincu research team suggests that eased trade tensions might slowly favor financial stability. This could lead to a broader cooperation across tech sectors, potentially influencing regulatory trends. An ongoing dialogue may prove beneficial for global economic conditions in the long term.