$XRP — Trade Tensions Update
U.S. Treasury Secretary S. Bessent issued a statement regarding escalating trade tensions with China:
• China plans to implement new trade barriers, including restrictions on rare earth metal exports, contrary to free trade principles.
• The United States will not allow escalation unchallenged, and is coordinating with allies to provide evidence of the economic impact of China’s actions.
• Preparations are underway for a meeting between Donald Trump and Chinese delegates, with Bessent representing U.S. interests.
• The U.S. will not negotiate under short-term market pressure. Bessent stated: “We will not negotiate unless the stock market is declining.”
• The ongoing reduction in U.S. government operations is estimated to cost the economy $15 billion per day.
This adds pressure on global markets and could impact crypto sentiment, including $XRP, as geopolitical and trade uncertainties rise.
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