#CryptoTariffDrop

 U.S. President Donald Trump has announced a significant increase in tariffs on Chinese goods, raising the rate to 125% with immediate effect. The announcement was made via a post on Truth Social, a social media platform. The President cited China’s lack of respect for global markets as the primary reason for this decision.

In the same post, President Trump also mentioned the possibility of China realizing in the near future that its current trade practices with the U.S. and other nations are neither sustainable nor acceptable.