#CryptoTariffDrop
🇺🇸 104% Tariffs on Chinese Goods Go Into Effect
A White House spokeswoman confirmed that 104% tariffs on Chinese imports went into effect at noon ET after Beijing refused to lift retaliatory restrictions.
📅 The tariffs will officially begin on April 9.
💬This could heighten global trade tensions and add volatility to markets. However, the crypto market has shown in the past that it can adapt to such shocks faster than the traditional sector.
