Trump Denies 100% Tariffs on China — U.S. Stocks and Crypto Markets Surge

TradingKey – President Trump denied plans to impose 100% tariffs on China, triggering a sharp rebound in both equities and crypto.

On Friday, October 17, during U.S. pre-market hours, Bloomberg analyst Walter Bloomberg reported that President Trump explicitly said “No” when asked whether he would maintain 100% tariffs on Chinese imports.

The statement sparked an immediate reaction:

• Nasdaq 100 futures narrowed losses, down 0.21%
• S&P 500 futures stabilized, trading flat
• Dow futures reversed into gains, up 0.18%

Digital assets also responded positively:

• Bitcoin (BTC) rebounded 1,000 points, reclaiming $105,000
• Ethereum (ETH) surged over 100 points, back above $3,700
• Binance Coin (BNB) gained more than 30 points, holding firm above the $1,000 mark

The market’s reaction reflects relief over reduced trade war risks, which had previously weighed on global sentiment. With tariffs off the table — at least for now — investors are recalibrating expectations for Q4 growth and risk appetite.