acadmycrypto
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The US Plans to Impose 104% Tariff on China,
Bitcoin Drops to US$76 Thousand. The President of the United States (US) Donald Trump has recently been reported to impose tariffs on Chinese imports up to 104%. This comes after both sides retaliated by imposing a 34% tariff last week.
"China also wants to make a deal, unfortunately, they don't know how to do it. We will wait for their action. This will happen," asserted Trump, as quoted by Bloomberg.
This plan immediately caused the price of Bitcoin to drop back to US$76 thousand in trading on Wednesday (09/04) morning. This figure is down 4.38% from the trading of the previous day at around US$79 thousand.
Bitcoin Drops to US$76 Thousand. The President of the United States (US) Donald Trump has recently been reported to impose tariffs on Chinese imports up to 104%. This comes after both sides retaliated by imposing a 34% tariff last week.
"China also wants to make a deal, unfortunately, they don't know how to do it. We will wait for their action. This will happen," asserted Trump, as quoted by Bloomberg.
This plan immediately caused the price of Bitcoin to drop back to US$76 thousand in trading on Wednesday (09/04) morning. This figure is down 4.38% from the trading of the previous day at around US$79 thousand.
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