The China-US trade war is completely out of control, with tariffs soaring to 125%

The tariff on Chinese goods imposed by the US skyrocketed from 34% to 125%, and China decisively retaliated by imposing a 125% punitive tariff on US imports. This 'mutual harm' model has triggered global financial turmoil, with US stocks evaporating by trillions of dollars, Bitcoin plummeting below $75,000, and the total market value of cryptocurrencies shrinking by 12%.

Foreign trade professionals are wailing in despair, logistics costs have surged, and orders have sharply decreased, forcing some companies to shift orders to Southeast Asia. However, China's 'toolbox' hides a deadly move—there is a nearly $300 billion trade surplus with the US in the service trade sector. If high-value-added industries such as finance and technology were to sever ties, it would directly impact 4.1 million high-paying jobs in the US. The Ministry of Commerce has angrily condemned the US for its 'unilateral bullying' and has taken the matter to the WTO, vowing to defend its rights.

US bonds are facing a frantic sell-off, with the 10-year yield skyrocketing by 49 basis points in one week, reaching a 20-year high, shaking the foundation of dollar hegemony. Meanwhile, the cost of relocating US manufacturing is five times higher, and the tariff policy has instead pushed up domestic inflation, potentially increasing annual household expenses by $3,800.

From an investment perspective, the market is currently chaotic, and it's hard to say how the global economy will progress or how the market will price itself. If you want to pick up bargains at low prices, you need to be optimistic about the future; you can use BiyaPay for real-time trading or check the trends. However, if asset prices haven't dropped to a clear value-for-money level, I still prefer to wait and see, not in a hurry to bottom fish.