Trade tensions between the US and China are softening, with both governments signaling a willingness to resume trade negotiations, boosting hopes for a market rebound. China’s Ministry of Commerce is open to dialogue and considering changes to rare earth export controls. Trump reassures, stating he wants to help China.

China’s rare earth export policy led Trump to announce additional 100% tariffs, causing crypto markets to crash. The shift in rhetoric could ease global trade tensions sparked by Trump’s tariffs, which caused financial market turmoil. Bitcoin plummeted to $102K on Binance in response to the news.

Investment analysts and crypto executives are optimistic for a potential market boost if Trump de-escalates tensions with China. Trump’s decision to skip a meeting with Xi Jinping at the APEC summit due to the rare earth issue may not impact the historic meeting, according to advisor Jeff Park. Trump’s motivation for attending includes securing his legacy through photo ops.

Read more at Cointelegraph: US and China Signal Willingness To Negotiate, Sparking Investor Hopes