#USChinaTensions The crypto and stock markets have entered a 'new phase of the trade war,' amid escalating tariffs between the U.S. and China.

Concerns about a global trade war increased on April 15 after the White House announced that imports from China would be subject to tariffs of up to 245%.

The penalties include 'reciprocal tariffs of 125%, a 20% tax to address the fentanyl crisis, and Section 301 tariffs on certain specific items, ranging from 7.5% to 100%.'