šØ US Threatens China with Import Tariffs up to 245% šØ
Trade tensions between the United States and China are back at a quite high level. After the US previously imposed a 145% tariff on goods from China, which was reciprocated by China with a 125% tariff, the US is now escalating its pressure ā with a threat of tariffs up to 245%.
This information was conveyed directly through an official fact sheet released by the White House on Tuesday, April 15, 2025. The statement read:
"China now faces tariffs of up to 245% on imports to the United States as a result of its retaliatory actions."
Unlike the previous response, this time China stated it would not proceed with further retaliatory actions. Meanwhile, US President Donald Trump opted to suspend reciprocal tariffs for 90 days for almost all countries ā except China ā as part of a trade negotiation strategy.
So far, more than 75 countries have lined up to negotiate with the US, showing the extent of the impact of this policy globally.
š Implications for the Crypto Market
Such trade tensions generally trigger two responses from the market: pressure on risky assets in the short term, but on the other hand, it may strengthen the narrative of crypto ā particularly Bitcoin ā as a hedge against geopolitical and macroeconomic uncertainty. It is worth noting that any further escalation could add to risk-off sentiment, increasing volatility across all asset classes.
Anyway, Here is my Outlook for Bitcoin ā”ļø $BTC
Notes: Always Do Your Own Research. This is Not Promotion & Not Financial Advice.