On April 10, 2023, the United States announced a suspension of reciprocal tariffs for 90 days, but imposed a 125% tariff on Chinese goods. This decision came after China announced countermeasures, imposing an 84% tariff on U.S. products. The escalation of this trade game is causing extreme fluctuations in the prices of cryptocurrencies like Bitcoin, and market panic is spreading. The tariff 'nuclear weapon' ignites market panic. On April 3, U.S. President Trump announced a new round of tariff policies, imposing a general tariff of 10% on all imported goods and implementing 'reciprocal tariffs' on about 60 countries. The tariffs on China reached as high as 34%, 20% on the European Union, and 24% on Japan. After China's counterattack with a 34% tariff, Trump threatened to add an additional 50%, bringing the total to 104% when combined with the previous 20%. Subsequently, on the evening of April 9, Beijing announced that the tariff rate on imported goods originating from the U.S. would be raised from 34% to 84%. As of now, the U.S. has raised the tariff on Chinese imports to an astonishing 125% and announced a 90-day suspension of reciprocal tariffs on other countries.