China has imposed an 84% tariff on all U.S. imports starting April 10, 2025. This move follows the U.S. raising its tariffs on Chinese goods from 34% to 84% the previous day. The escalation marks a significant downturn in U.S.-China trade relations. In response to the U.S. actions, China’s State Council Tariff Commission criticized the U.S. for economic bullying and violating international trade norms. China justified its retaliatory tariffs by citing national and international legal grounds. Amidst this trade war, Bitcoin, often viewed as a safe haven during geopolitical unrest, dropped below $76,000. These developments highlight the severe impact of trade policies on global financial markets.
Kriesz
@_Kriesz_
·
Apr 4 More $BTC chop while China retaliates with 34% tariffs
What did the US expect LMAO
So all those goods and services which require raw materials from China gonna get mad expensive GG
Ivan on Tech Cooking @ Moralis
@IvanOnTech
·
Apr 8 CHINA DEVALUING THEIR CURRENCY FOR THE TRADE WAR!!!
$USDCNH BREAKING ATH TODAY
OVER A BILLION CHINESE WILL FLOCK INTO $BTC TO PROTECT THEIR PURCHASING POWER!!!!!!
Ran Neuner
@cryptomanran
·
2h This is financial warfare!
Who will blink first?
China has retaliated again against the US, and it’s getting steeper each time!
We are unpacking the latest in the drama LIVE
https://youtube.com/watch?v=DZMVloKEl-A&ab_channel=CryptoBanter…
That Martini Guy ₿
@MartiniGuyYT
·
Mar 4 BREAKING:
Cango Inc. $CANG, a Chinese NYSE-listed auto trading platform, has just scooped up 472 #Bitcoin worth $40 MILLION
Asia is accumulating
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