21/11/2025
☄ Latest statements from the US Treasury Department on China, tariffs, and payments to the population
China:
• Negotiations are still ongoing, with the Trump administration aiming to finalize the deal by Thanksgiving
• The agreement includes the free flow of rare earth metals into the US
• The minister is confident that Xi Jinping will fulfill the agreements
Tariffs:
• The Supreme Court is considering a case on tariffs, which have already collected about $200 billion
• The Treasury is confident that tariffs will remain in place thanks to the powers of the IEEPA
• Cancellation will cause chaos for businesses due to refunds and price revisions
Payments:
• $2,000 is being discussed, but congressional votes are needed
• Targeted payments for families are possible
• Starting in July, “Trump accounts” will be launched with payments of $1,000 for children born on or after January 1, 2026
What this means for crypto
• If the US finalizes a deal with China, global trade tensions will ease
This will reduce the risk of flight to the dollar and support demand for risk assets, including crypto
• Maintaining tariffs means further pressure on inflation
Higher inflation usually increases interest in Bitcoin as a hedge against dollar depreciation
• Possible payments to the population give new impetus to spending
Part of the direct payments always goes to crypto, as was the case in 2020-2021