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Coin Edition 2025-02-10 09:49:00

US vs. China Tariff Tussle: Crypto’s Dip or Hedge Shift?

China has imposed a significant 15% tariff on US exports worth $14 billion. China’s move is a retaliation to Trump’s 10% tariff on Chinese goods. The crypto market could benefit or face adverse effects of this ongoing trade war soon. China has now imposed 15% tariffs on nearly $14 billion of US exports, hitting key sectors like energy, vehicles, and agricultural equipment and further fueling the trade war. This can be better termed as retaliatory tariff, as in response to President Donald Trump imposing a 10% tariff on Chinese goods. The tariffs to take effect cover liquefied natural gas (LNG), coal, crude oil, and certain vehicles. These measures promise extensive effects on bilateral trade and global markets as investors prepare for increased volatility. In a parallel move, President Trump imposed an additional 25% tariff on imports from Canada and Mexico. JUST IN: China to impose up to 15% tariffs on US energy and vehicles. pic.twitter.com/KSVOCiViYH — BRICS News (@BRICSinfo) February 9, 2025 China’s retaliatory tariffs arrive as global markets are already facing rising uncertainty. With trade disputes worsening, many investors steered clear of… The post US vs. China Tariff Tussle: Crypto’s Dip or Hedge Shift? appeared first on Coin Edition .

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