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Trade Tension: U.S. vs China and the Strategic Rise of Cryptocurrencies as a Refuge
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The U.S. raises tariffs on China to 30% and ignites a new race towards Bitcoin and digital gold
Hot tariffs: Washington's new move
In a move that has shaken global markets, U.S. Treasury Secretary Scott Bessent announced a 30% increase in tariffs on products from China, reigniting tensions in a trade war that seemed dormant. China's response, so far, has been moderate, raising its tariffs only to 10%, although analysts anticipate scaled retaliations in technology and agricultural areas.
The U.S. raises tariffs on China to 30% and ignites a new race towards Bitcoin and digital gold
Hot tariffs: Washington's new move
In a move that has shaken global markets, U.S. Treasury Secretary Scott Bessent announced a 30% increase in tariffs on products from China, reigniting tensions in a trade war that seemed dormant. China's response, so far, has been moderate, raising its tariffs only to 10%, although analysts anticipate scaled retaliations in technology and agricultural areas.
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