The trade war between the world's two largest economies has escalated into a new phase. China has launched a counterattack against Trump's tariff measures, imposing tariffs on all U.S. goods without exception for the first time and announcing a series of non-tariff measures.
Economists estimate that this round of tariff war will raise the average tariff rate on Chinese goods exported to the U.S. to around 70%; the average tariff rate on U.S. exports to China will rise to about 50%.
China's counterattack on Trump's 'Liberation Day' tariffs will impose a 34% tariff on all goods imported from the U.S. starting April 10, leading to intensified sell-offs in financial markets.
U.S. stocks recorded their worst weekly performance since 2020. China's retaliation against Trump's tariffs has caused an epic two-day sell-off on Wall Street, intensifying recession fears. The Nasdaq has dropped 20% from its peak, with the market capitalization of the 'Magnificent Seven' tech stocks evaporating by about $1.6 trillion.
The tariff war continues to drive and impact further. The significant downturn in U.S. stocks is not yet over. In 2020, the U.S. stock market experienced four circuit breakers before the Federal Reserve initiated a rapid rescue plan.
Currently, it appears that the Federal Reserve will continue to observe the post-tariff situation, the stock market's economic response, and the market's trajectory. However, it is certain that the Federal Reserve will lower interest rates; it just depends on how these two deal with the pressures of economic recession and stock market crashes under Trump.
In the cryptocurrency market, Bitcoin (BTC) has surprisingly not followed the stock market's decline, which is an abnormal phenomenon that must be guarded against. BTC may pretend to resist the decline and then suddenly reverse direction, plummeting.
At this time, for those bottom-fishing, patience is vital. When will BTC drop below 7 again, and will everyone start considering entry?
Recently, it is still recommended to focus on short-term trades, in and out quickly. Do not overthink.
Trading cryptocurrencies is difficult, harder than reaching the sky. $BTC #鲍威尔发言 #加密市场回调 #美国加征关税
👇👇👇
币安王牌KOL专属群（五味子）
Economists estimate that this round of tariff war will raise the average tariff rate on Chinese goods exported to the U.S. to around 70%; the average tariff rate on U.S. exports to China will rise to about 50%.
China's counterattack on Trump's 'Liberation Day' tariffs will impose a 34% tariff on all goods imported from the U.S. starting April 10, leading to intensified sell-offs in financial markets.
U.S. stocks recorded their worst weekly performance since 2020. China's retaliation against Trump's tariffs has caused an epic two-day sell-off on Wall Street, intensifying recession fears. The Nasdaq has dropped 20% from its peak, with the market capitalization of the 'Magnificent Seven' tech stocks evaporating by about $1.6 trillion.
The tariff war continues to drive and impact further. The significant downturn in U.S. stocks is not yet over. In 2020, the U.S. stock market experienced four circuit breakers before the Federal Reserve initiated a rapid rescue plan.
Currently, it appears that the Federal Reserve will continue to observe the post-tariff situation, the stock market's economic response, and the market's trajectory. However, it is certain that the Federal Reserve will lower interest rates; it just depends on how these two deal with the pressures of economic recession and stock market crashes under Trump.
In the cryptocurrency market, Bitcoin (BTC) has surprisingly not followed the stock market's decline, which is an abnormal phenomenon that must be guarded against. BTC may pretend to resist the decline and then suddenly reverse direction, plummeting.
At this time, for those bottom-fishing, patience is vital. When will BTC drop below 7 again, and will everyone start considering entry?
Recently, it is still recommended to focus on short-term trades, in and out quickly. Do not overthink.
Trading cryptocurrencies is difficult, harder than reaching the sky. $BTC #鲍威尔发言 #加密市场回调 #美国加征关税
👇👇👇
币安王牌KOL专属群（五味子）
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