🚨 TRADE WAR EXPLODES! CHINA AND THE US SOAR WITH 245% TARIFFS �☢️
ATTENTION, MARKETS! Tensions between the US and China have just escalated to CRITICAL levels, with new 245% tariffs on Chinese exports to the US, the White House announced today. How will this affect the global economy, markets, and cryptocurrencies? We'll explain!
🔥 WHAT HAPPENED?
- The US strikes back: Trump imposes 245% tariffs on Chinese products in response to Beijing's retaliation.
- China cuts off key supplies: Last week, it suspended exports of rare minerals and magnets, vital to the automotive, aerospace, semiconductor, and defense industries.
- "Dangerous" dependence: Trump admitted that the US is overly exposed to China for critical minerals, which threatens its national security.
💣 WHAT DOES IT MEAN?
🔸 More inflation: Prices for electronics, cars, and technology could skyrocket.
🔸 Blow to semiconductors: Companies like Nvidia and AMD have already suffered losses this week. More volatility?
🔸 Bitcoin as a safe haven? Amid uncertainty, investors could seek decentralized assets.
🌍 GLOBAL CONTEXT
- China already imposes 125% tariffs on US products.
- The US is now raising its tariffs to 145% (and in some cases, 245%).
- Trump challenges Beijing: Says China "doesn't know how to reach an agreement," despite other countries already negotiating.
📈 WHAT TO EXPECT?
⚠️ More market tension: Stocks, commodities, and cryptocurrencies could see increased volatility.
⚠️ Possible flight to safe havens: Gold, silver... and Bitcoin?
⚠️ Risk of shortages: Chip, auto, and tech shortages?