The global economy just got a shockwave. China hit back with a 125% tariff on U.S. goods, branding America’s latest hike as “economic bullying.” After Trump raised tariffs to 145%, Beijing didn’t hold back, filing two WTO complaints and warning the U.S. is “turning itself into a joke.”
Meanwhile, EU leaders plan a rare visit to Beijing, signaling a possible shift in trade alliances. President Xi emphasized that “there are no winners in a trade war,” and urged Europe to unite against unilateral moves. The yuan showed signs of life after hitting a 17-year low, while the Dollar Index (DYX) dropped to a three-year low at 99.314.
While this may not directly mention crypto, the implications for Bitcoin as a hedge asset are heating up. When fiat currencies wobble—Bitcoin tends to shine.
Conclusion
This escalating tariff war highlights growing instability in traditional financial systems, nudging global eyes toward decentralized alternatives. As fiat currencies get caught in political crossfire, the narrative around crypto as a global hedge continues to gain ground. When trust in governments wavers, Bitcoin doesn't need borders.
Takeaways
China slaps 125% tariff in response to U.S. action.
Trump defends move, calling it “very exciting for America.”
Yuan recovers slightly after record lows.
Dollar Index hits lowest point in 3 years.
EU seeks closer trade ties with China amid U.S. tensions.
China files WTO complaints, calls for global unity.
Source: Bitcoin.com
