Washington, April 9, 2025: Former U.S. President Donald J. Trump has announced a major economic move against China by significantly increasing tariffs. In a public statement, Trump declared that due to China's lack of respect toward global markets, the tariff imposed on Chinese goods by the United States will be raised to 125%, effective immediately.
Trump stated, “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A. and other countries are no longer sustainable or acceptable.”
He further mentioned that over 75 countries have contacted U.S. representatives, including the Departments of Commerce, Treasury, and the U.S. Trade Representative (USTR), to negotiate solutions on trade issues, including trade barriers, tariffs, currency manipulation, and non-monetary tariffs.
As a goodwill gesture, and since those countries have not retaliated against the U.S., Trump announced a 90-day pause and a reduction in reciprocal tariffs to 10%, also effective immediately.
Bitcoin (BTC) Performance Overview (as of April 2025):
1. Current Status:
Price: Around $82,363
Recent Change: Down by about 0.48% in the last 24 hours.
High & Low (Intraday): Highest was around $83,677, lowest at $82,219.
After reaching a high of $88,500 at the end of March, BTC faced a slight correction and dropped to around $82k in early April. This volatility is typical for Bitcoin, especially as we approach a halving cycle or macroeconomic uncertainty.