Trump's just dropped a tariff at bombshell 💣__ slapping a 100% tariff on Chinese goods (yes, double what it was before) after rare-earth mineral tensions escalated 😱. This revenge-trade move is sending shockwaves through global markets 📉, sparking fears of a full-blown trade war 🔥 and triggering a major shake-up in U.S.–China relations 🇺🇸🇨🇳. $XRP
Key Details: Tariff Increase*: The US is imposing an additional 100% tariff on Chinese imports, on top of existing 30% tariffs, bringing the total to 130% 📈 Rare Earth Restrictions*: China has tightened export controls on rare earth elements, crucial for tech and defense industries ⚙️ Market Impact*: Global markets are reacting nervously, with concerns about supply chain disruptions 🚚 and inflation 💸
US Treasury Secretary Scott Bessent suggests a rare earths deal might be reached by Thanksgiving 🦃, following a framework agreement to avoid the 100% tariffs 🤝. However, tensions remain high 🔴, with both sides engaging in retaliatory measures 💔.
The US government's money printer was humming during the shutdown, and it's still going strong. As they keep expanding the money supply, Bitcoin's upside remains unlimited. $BTC
Your mantra says it all: #Bitcoin has no top as long as fiat has no bottom. 💸🚀
Would you like more thoughts on this dynamic or Bitcoin's price action? 🔥