Bitcoin Price Reacts Immediately as Trump Says Tariffs on China Won’t Stand

BTC dumped under $104,000 earlier at the moment.

US President Donald Trump simply mentioned that the tariffs that have been imagined to be imposed on China as of November 1 gained’t stand.

Bitcoin’s worth reacted with a right away uptick that pushed it from its multi-week backside (on most exchanges) again to $106,000.

Recall the developments that befell final Friday when the POTUS threatened China with a brand new wave of tariffs, which have been later made official with a beginning date of November 1. Some Chinese language merchandise have been imagined to be taxed at over 100%.

This political turmoil precipitated a right away crash within the cryptocurrency markets. Bitcoin stood above $122,000 however crumbled under $117,000 inside minutes, after which the cascading impact of billions of {dollars} in overleveraged positions drove it even further south to below $110,000 on most exchanges and all the best way all the way down to $101,000 on Binance.

Additional reviews on the matter revealed that this may need been one big misunderstanding between Beijing and Washington, and the strain between the 2 superpowers started to de-escalate.

Simply minutes in the past, Trump was requested whether or not the 100% tariffs on China will stand. He responded with a “No,” and added that “I believe we will likely be effective with China.” Each nations’ presidents are supposed to satisfy in two weeks.

BREAKING: President Trump was simply requested if his 100% tariff on China will stand.

His response: “No.”

— The Kobeissi Letter (@KobeissiLetter) October 17, 2025

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BTC’s worth reacted with one other instantaneous swing, this time to the upside. The asset had tumbled under $104,000 to mark a multi-month low (on most exchanges), however bounced to over $106,000 as of press time.