In the grand theater of human affairs, where empires rise and fall like the tides, the leaders of the two mightiest nations, Donald Trump and Xi Jinping, convened in the shadow of South Korea’s mountains, their meeting a spectacle of diplomatic acrobatics. The outcome? A reduction in tariffs, a gesture as fleeting as a summer breeze, yet sufficient to stir the markets into a frenzy.
Trump, that most theatrical of statesmen, proclaimed the agreement a triumph, reducing the tariff on China from a daunting 57% to a more palatable 47%. Yet, in a twist as absurd as a Shakespearean comedy, he lowered the duty on fentanyl-a substance as deadly as it is lucrative-to a mere 10%, as though the world’s problems could be solved with a tax break.
BREAKING: Trump, ever the showman, declared the meeting “amazing,” while the world watched in silent horror as the tariffs on fentanyl were slashed, the overall duties trimmed, and China promised to “discuss” chip restrictions with Nvidia, a company whose name is as familiar as a neighbor’s gossip.
– The Kobeissi Letter (@KobeissiLetter) October 30, 2025
And thus, the two titans of industry, in their infinite wisdom, pledged to aid the war between Russia and Ukraine, while China, ever the enigma, agreed to ponder the restrictions on chips. Trump, in a moment of uncharacteristic candor, revealed a one-year pact on rare earths and hinted at a visit to China in April 2026, as if the world’s fate depended on his next vacation.
“On a scale of 0 to 10, I would say the meeting with President Xi was a 12,” Trump declared, a man who has never been shy of hyperbole, even as the world rolled its eyes.
Yet, the trade negotiations, those capricious dances of diplomacy, have long cast a shadow over the price of Bitcoin, that most fickle of assets. Recall the days when Trump’s tariffs sent BTC plummeting from $121,000 to a mere $110,000, a descent as abrupt as a falling star. Today, the price dipped below $108,000, a feat as surprising as a snowstorm in July, despite the Fed’s recent rate cut. Yet, like a phoenix, it rose again, reaching $110,000 as the news of the deal spread.
Still, the carnage was vast: over $360 million in longs liquidated, and the market’s wreckage totaled a staggering $800 million, a testament to the folly of those who bet on the whims of men and markets alike.
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2025-10-30 09:11