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Irfan Ali Shaikh Sahab
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Irfan Ali Shaikh Sahab
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#BTC #USChainaTensions #US The trade war between the world’s two largest economies shows no signs of easing, as tensions escalate further. Just hours after U.S. President Donald Trump threatened to nearly double tariffs on Chinese goods, Beijing vowed to "fight to the end." If implemented, the proposed tariffs could mean that most Chinese imports face a staggering 104% tax—marking a sharp intensification of the dispute. Smartphones, computers, lithium-ion batteries, toys, and video game consoles represent a significant portion of Chinese exports to the U.S., but the list extends to countless other items, from screws to industrial boilers. As a key deadline approaches in Washington—with Trump poised to enact the additional tariffs as early as Wednesday—the big question is: who will blink first? "Assuming China will back down and remove tariffs unilaterally would be a mistake," says Alfredo Montufar-Helu, senior advisor at The Conference Board’s China Center. "Doing so would not only make China appear weak but would also hand the U.S. leverage to demand even more. We’ve reached a stalemate that’s likely to result in prolonged economic pain."
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#TrumpTariffs The crypto market is down, and almost all big coins like $BTC $BNB , and $SOL are in the red. But why did this happen? Well, there isn’t just one reason—there are a few things that happened at the same time and caused this big drop. 1. Introduction of New Tariffs President Donald Trump's announcement of new reciprocal tariffs affecting a broad range of international trading partners has unsettled financial markets. These tariffs have raised concerns about potential economic slowdowns, prompting investors to move away from riskier assets like cryptocurrencies. Following the announcement, Bitcoin's price dropped from nearly $88,000 to just over $83,000.
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