White House Advisor Dismisses U.S.-China Trade War Concerns
NewsThe White House addresses trade tensions with China, impacting global markets and sectors like cryptocurrency. Kevin Hassett clarifies current economic strategi...
- White House denies trade war with China, affecting market stability.
- Kevin Hassett emphasizes economic stability in statements.
- Potential changes in rare-earth supply affect cryptocurrency sentiment.
White House Economic Advisor Kevin Hassett stated that the United States is not in a trade war with China, amid ongoing diplomatic talks over rare-earth material exports.
The statement aims to stabilize markets, addressing concerns over critical supply chains affecting global cryptocurrency sentiment and recent price volatility in major indices.
White House Economic Advisor Kevin Hassett recently addressed concerns over an ongoing trade war with China. He stated that, despite tensions, the U.S. is not currently engaged in a trade war with its significant economic partner. Kevin Hassett Discusses the U.S. Economy
Hassett emphasized current economic strategies, describing measures as targeted retaliation over China’s rare-earth export restrictions. This perspective contrasts with previous statements regarding tariffs and their economic implications. “The retaliatory measures that we can take would be profoundly disruptive to their economy. There is no Achilles’ heel in America with Donald Trump as president.”
The implications of these statements from the White House are significant for the global markets. Investors are observing how tariff policies and economic measures influence broader financial stability and global economic flows.
The political landscape between the U.S. and China remains complex, with economic strategies that may impact essential supply chains. Analysts suggest watching rare-earth material supplies, crucial for sectors like technology and clean energy.
Hassett’s comments extend beyond immediate markets, indicating potential shifts in domestic mining policies. This interest highlights an urgency to develop independent U.S. rare-earth sources, mitigating external dependencies.
The cryptocurrency sector remains sensitive to geopolitical tensions, demonstrating vulnerability in risk assets like BTC and ETH. Historical events suggest that volatility in traditional markets often correlates with fluctuations in digital asset values. Modifying Tariff Rates Due to Retaliation
More From Crypto News
Aster (ASTER) Rises 4.88% in 24 Hours: What the Data Shows
Aster (ASTER) is trading at $0.655837, up 4.88% over the past 24 hours, according to CoinGecko data as of 19:13 UTC on November 11, 2026.
Bitcoin Misses Stock Rebound as ETF Outflows Hit Day Four
Bitcoin failed to follow a broad equity rebound on November 11, trading near $73,993 while Nasdaq-100 futures climbed 1.7% after CoreWeave posted an earnings be...
OCC Clears Coinbase National Trust Company for Crypto Custody
The OCC issued its decision in CD-1370 , formally authorizing Coinbase National Trust Company to operate as a federally chartered trust bank focused on digital-...
Reported Ankr Ethereum Bridge Drain Exceeds $303,000, The Defiant Says
The Ankr Ethereum Bridge was drained of more than $303,000 in an exploit carried out across five transactions.
Binance CFO Steps Down After Reported Hack, Co-CEO Cites Planned Transition
Binance’s chief financial officer has stepped down, the exchange confirmed, with the departure landing nine days after the platform suffered what has been descr...
US Treasury Takes Action Against MEXC Over Alleged $16B in Sanctions-Linked Transactions
The Treasury press release identifies MEXC as the subject of the action and ties the exchange to transaction flows connected to three sanctioned or adversarial...
