China has established non-negotiable « red lines » ahead of trade talks with the European Union and the United States. These cover its right to development, access to technology such as semiconductors, and tariff thresholds. Beijing opposes US Section 301 tariffs from July 2026, set at 10-12.5% on select Chinese goods, warning that retaliation could push tariffs beyond the 20% threshold from the Trump-Xi meeting in Busan in 2025. That meeting had produced 10 percentage point reductions on certain tariffs alongside Chinese commitments on rare earth mineral licensing and increased soybean purchases. US-China trade tensions are also affecting crypto markets, as pressure on the yuan drives capital toward Bitcoin and stablecoins, while US semiconductor restrictions impact the Bitcoin mining hardware supply chain.
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