Seeds of Wisdom RV and Economic Updates Thursday Afternoon 8-14-25
Good Afternoon Dinar Recaps,
Washington Extends 90-Day Trade Truce With Beijing
The United States has extended the 90-day tariff truce with China, with President Biden signing a decree on August 11 to set a new deadline of November 10. While the extension prevents an automatic increase in customs duties, existing surcharges remain in place. This move provides more time for both sides to continue negotiations.
Washington and Beijing extend the 90-day trade truce until November 10, maintaining current surcharges
Gold remains exempt from taxes, but other surcharges stay in effect
Discussions continue, with the U.S. pushing for more Chinese purchases of agricultural products
Content and Scope of the Extension
On August 11, the United States officially announced, via presidential decree, the 90-day extension of the trade truce. The suspension of tariff hikes will now last until November 10.
This measure halts planned increases that were set to take effect at the original deadline and keeps current tariff rates unchanged:
30% on Chinese imports
10% on American exports
The move builds on the May agreement reached in Geneva, which initially implemented a 90-day pause in tariff escalation.
China’s state news agency, Xinhua, confirmed that Beijing will apply the same extension, aligning its trade position with Washington. Both sides will continue using the dialogue framework set up in the spring, which has helped freeze tariff increases while keeping pressure on unresolved issues.
Importantly, no changes have been made to the existing tariff framework, offering short-term commercial stability.
Negotiations and Market Impact
Since May, multiple rounds of talks have taken place in Geneva, London, and Stockholm. U.S. officials note that China has taken “significant steps” toward addressing American economic and national security concerns. Negotiations remain constructive, though the U.S. is pressing for concrete concessions, especially in agricultural trade — with soybeans as a top priority.
Beijing has signaled its desire for a “positive outcome based on equality and mutual benefit.”
The extension provides businesses and markets with temporary clarity. Importers and exporters can plan operations under the current tariff structure until November 10, reducing uncertainty in the short term.
The U.S. decision to keep gold exempt from new duties has eased investor concerns, stabilizing gold prices after speculation about possible taxation.
However, other surcharges — including those on steel, aluminum, and select industrial goods — remain in place. If no agreement is reached by November 10, new tariffs could be implemented, forcing companies to prepare for multiple trade scenarios.
@ Newshounds News™
Source: Cointribune
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De-Dollarization Accelerates: Russia, China & India Embrace Crypto for Oil Trade
A new chapter in global energy commerce is unfolding as Russia, China, and India abandon U.S. dollar payments in favor of cryptocurrency settlements for oil transactions. This shift—driven by sanctions pressure and technological innovation—marks a significant step in the BRICS de-dollarization strategy, reshaping both trade mechanics and global finance.
A New Payment Architecture
Russia has developed blockchain-based payment systems enabling energy exports to be settled in Bitcoin, Ethereum, and Tether (USDT).
Buyers convert local currencies such as Chinese yuan or Indian rupees into crypto.
Payments bypass the SWIFT banking network, reaching Russian exporters directly.
The approach is already being applied in an “experimental regime” for a portion of Russia’s $192 billion in annual energy exports.
Russian Finance Minister Anton Siluanov confirmed:
“It is possible to use bitcoins mined here in Russia for foreign trade transactions. Such transactions are already occurring… they should be expanded and developed further.”
Strategic Consequences for Global Finance
Petrodollar Erosion – Moving oil trade away from USD undermines the traditional dollar-dominated settlement system.
Sanctions Workarounds – Direct crypto payments weaken U.S. control over energy trade flows.
Blockchain Integration Pressure – Global finance may need to adapt to crypto-native settlement rails.
This model could evolve into blockchain-native commodity platforms, where tokenized physical assets—like oil—are traded entirely on-chain.
Risks & Challenges
Despite its potential, the crypto oil trade carries:
Price volatility in crypto assets.
Regulatory fragmentation and legal uncertainty.
Cybersecurity threats to large-value international transfers.
A Precedent for Future Energy Commerce
If successful, the Russia-China-India crypto oil trade could inspire other nations to adopt non-dollar settlement models, accelerating the transition toward multi-currency, blockchain-powered energy markets—and marking one of the sharpest challenges yet to U.S. financial dominance.
@ Newshounds News™
Source: Watcher Guru
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