U.S. Tariffs on China Could Plummet "Within Weeks," Top Trump Advisor Declares

Hang onto your hats, crypto fans! Stephen Miran, the big cheese at the White House Council of Economic Advisers, just dropped a bombshell. Speaking to Bloomberg TV, he hinted that the U.S. might slash its whopping 145% tariff rate on China in just a few weeks. That's right, weeks!

Miran isn't in the thick of the negotiations, but he's confident President Trump's got this. He pointed to the 2019 "phase one" deal as proof that Trump can pull off deals nobody sees coming. "The president has been very clear that he thinks there will be a deal with China," Miran said, "And I think the president is right."

He didn't spill the beans on exact numbers or a potential call between Washington and Beijing, but Miran's sure that lowering those tariffs would be a win-win. "I would be surprised if tariff rates are where they are now... within a few weeks from now," he declared.

Broader Context and Implications

Meanwhile, China's Ministry of Commerce is still playing it cool, saying they're just "evaluating the trade environment." But Miran's all about keeping the lines of communication open. "Talking is better than not talking," he quipped.

When asked about revisiting purchase agreements like the one from 2020, Miran said every trading partner is different, but such deals "should definitely be on the table." He also gave a nod to Europe's efforts to buy more U.S. goods, which could help balance trade relations. But, as always, no promises.

Despite not being in the negotiation room, Miran keeps hammering home Trump's knack for pulling off the unexpected. "Nobody expects," he said, with a knowing grin.

And get this - the crypto markets are absolutely buzzing after Miran's comments. Bitcoin's holding strong at $97,000 and looks ready to blast past $100,000 soon. Remember that panic sell-off in early April that sent BTC crashing to $75,000? Looks like it's shaking that off and charging ahead!