According to Stock Talk (@stocktalkweekly), if the US can reduce tariffs to 10% for China and the EU, the prolonged uncertainty around trade negotiations could dissipate, leading to market stabilization and renewed momentum. This development is significant for cryptocurrency traders, as reduced global trade tensions generally correlate with increased risk appetite and capital flows into digital assets, according to recent market correlation analyses by Coin Metrics (source: @stocktalkweekly, Coin Metrics). Lower tariffs may also result in improved economic growth forecasts, potentially increasing institutional interest in major cryptocurrencies like Bitcoin and Ethereum.

According to The Kobeissi Letter, Bessent has stated that President Trump has not proposed lifting US tariffs on China unilaterally, suggesting a prolonged negotiation period of 2-3 years. This positions China's response as crucial for future trade developments.

According to @KookCapitalLLC, market movements are contingent upon tariff developments. The metaphorical 'tariff hog' symbolizes ongoing trade negotiations impacting market volatility. Traders should monitor updates as tariff extensions could lead to prolonged market instability, while resolution may signal a return to bullish trends.

According to The Kobeissi Letter, President Trump has characterized his recent call with Canadian Prime Minister Justin Trudeau regarding tariffs as ending in a 'somewhat' friendly manner. This statement suggests ongoing negotiations or discussions between the U.S. and Canada on trade tariffs, which could have implications for trade-related sectors and markets.

According to The Kobeissi Letter, President Trump has released a statement regarding his call with Canadian Prime Minister Justin Trudeau about tariffs. Trump characterized the conversation as ending in a 'somewhat' friendly manner, indicating potential progress but also possible unresolved issues in trade negotiations.

According to @KobeissiLetter, the United States relies significantly less on trade compared to its allies, with trade impacting less than 30% of its GDP. In contrast, trade accounts for approximately 85% of Germany's GDP and 65% of the UK's GDP. This lower reliance on trade provides the US with a strategic advantage in trade negotiations and economic resilience.

According to The Kobeissi Letter, the initial announcement of the US-Mexico trade deal led to a significant drop in 2-year inflation breakevens, and a similar market reaction is expected with future deals involving Mexico, Canada, or the EU. They assert that the current tariffs are not intended to be long-term, emphasizing the need for traders to monitor upcoming trade negotiations closely.