Trump Lowers China Tariffs After Meeting With Xi | CoinDesk Daily

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4.8 • 689 Ratings

🗓️ 30 October 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump lowers tariff on China after meeting with Xi. President Donald Trump said U.S. tariffs on China would be lowered to 47% from 57% after meeting with his Chinese counterpart Xi Jinping on Wednesday. Trump also said the rare earths issue has been settled and there would be no more roadblocks on them. How did bitcoin react to the trade deal and Fed decisions? - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠ - Bridge simplifies global money movement. As the leading stablecoin issuance and orchestration platform, Bridge abstracts away blockchain complexity so businesses can seamlessly move between fiat and stablecoins. From payroll providers and remittance companies to neobanks and treasury teams, Bridge powers payments, savings, and stablecoin issuance for thousands – like Shopify, Metamask, Remitly, and more. URL: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://hubs.ly/Q03KGbRK0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠⁠⁠⁠⁠⁠⁠⁠owlting.com⁠⁠⁠⁠⁠⁠⁠⁠⁠. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Taylor Fleming.

Transcript

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0:00.0	U.S. tariffs on China to be lowered, and Jerome Powell warns markets that another rate cut this year is not guaranteed.
0:07.4	You're watching Coin Desk Daily. I'm your host, Jen Senassi.
0:16.1	The meeting between President Donald Trump and his Chinese counterpart, Xi Jinping, yielded favorable outcomes.
0:23.2	Trump said U.S. tariffs on China would be lowered to 47 percent from 57 percent, and that he would be going to the country in April, and Xi would come to the U.S. at some stage after that.
0:33.8	That's according to comments carried by Reuters.
0:36.5	Speaking aboard Air Force One, the U.S.
0:38.2	President reportedly said that it was a one-year agreement that would be extended, and he
0:42.8	added that the rare earth's issue had been settled and there would be no more roadblocks.
0:47.2	As of this morning, Bitcoin is trading below $108,000.
0:51.2	Utility or privacy. The transparency of traditional blockchains forces a difficult choice. Break free from this limitation with midnight. Just like the internet made information global, stable coins are making money global and bridge, a stripe company, is powering that shift. Looking for a faster, cheaper way to move money worldwide, Owl Ting listed on the NASDAQ as Owls is building the rails for stable coin payments.
1:14.0	Turning over to the Federal Reserve now, the central bank has cut its benchmark rate by 25 basis points as expected.
1:19.8	The surprise, however, came from Chair Jerome Powell's press conference.
1:23.0	Powell struck an unexpectedly hawkish tone, warning that a rate cut in December is far from a foregone
1:28.1	conclusion. The comment reset market expectations as traders had priced in a 90% chance of
1:33.4	another rate cut at the Fed's final meeting this year. According to the CME Fedwatch tool,
1:37.9	the odds have now fallen to 70%. And MasterCard is in late stage talks to acquire blockchain
1:43.2	startup zero hash as competition in the stable coin space heats up.
1:47.0	According to a Fortune report, the deal could be valued at $1.5 to $2 billion.
1:51.2	The report added that MasterCard may be losing a bidding award for another crypto payments firm, BVNK, to its rival Coinbase.
1:57.8	The move signals a major push by payments giants into stable coins, which
2:01.6	offer a cheaper and faster alternative to traditional banking rails. Our report this past summer
2:06.2	from Keyrock and Bitso projected stable coin payment volume could reach $1 trillion by 2030,
	...

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