JUST IN! New Development in US-China Tariff Agreement: Trump Made a Statement! Bitcoin (BTC) and Altcoins Dropped!

US President Donald Trump said in a statement on his Truth Social account that China has violated its agreement with the United States. “Two weeks ago China was in serious economic danger! The very high Tariffs I imposed have made it nearly impossible for China to TRADE into the United States market, which is by far the number one market in the World. I made a QUICK DEAL with China to save them from what I thought would be a very bad situation and I didn’t want that to happen. Thanks to this agreement, everything quickly stabilized and China returned to business as usual. Everyone was happy! This is the good news!!! The bad news, perhaps unsurprising to some, is that China has COMPLETELY VIOLATED THEIR AGREEMENT WITH US. That’s the price of being Mr. Nice Guy.” Following the news, Bitcoin (BTC) fell to $ 105,100. Along with Bitcoin, Ethereum (ETH) and altcoins also fell. Following the news, US Trade Representative Jamieson Greer told CNBC that they are focused on monitoring China’s compliance, or in this case non-compliance, with the agreement. Greer also said China’s behavior was “completely unacceptable” and that the U.S. was “very concerned” about China’s non-compliance on trade. Greer said that there are daily talks with the Indian Trade Minister on trade agreements, and added that he will hold talks with Malaysia, Vietnam and the EU at the OECD next week. “China is moving slowly to lift some retaliatory tariffs. Tariffs can expand if necessary,” Greer said. *This is not investment advice. Continue Reading: JUST IN! New Development in US-China Tariff Agreement: Trump Made a Statement! Bitcoin (BTC) and Altcoins Dropped!

Source: BitcoinSistemi