Bitcoin jumps over $84,6000 as tensions between the U.S. and China have reached new highs after President Trump’s administration imposed cumulative tariffs of up to 245% on some Chinese imports. While the figure initially sparked confusion, the White House clarified that it includes both existing and new levies, particularly on goods like electric vehicles and medical syringes, which already faced 100% tariffs under Biden. 245% That’s the new max US tariff on Chinese goods! Trump’s “always double down” strategy is going to wreck the US economy. . pic.twitter.com/TQFmxbW6Hd — S.L. Kanthan (@Kanthan2030) April 16, 2025 The new 145% tariffs, layered on top of existing ones, target sectors seen as critical to U.S. economic and national security interests. A 20% levy specifically targets fentanyl-related imports in a move the administration calls a “non-negotiable priority.” Total Tariff Impact: Up to 245% on certain Chinese goods China’s Retaliation: 125% tariffs on U.S. goods Targeted Sectors: EVs, medical devices, and high-tech materials Meanwhile, Trump made it clear that the U.S. won’t budge. “The ball is in China’s court,” he said, signaling that unless Beijing steps forward with a deal, the tariffs will remain firmly in place. China Hits Back with Tariffs, Rare Earth Controls China responded swiftly, slapping 125% tariffs on American exports and filing a WTO case. It also tightened export controls on rare earth elements like gallium and germanium—critical to defense, semiconductors, and EVs. China responds to Trump’s 145% tariff with an 125% tariff on all U.S. imported goods. pic.twitter.com/MosNMrSVgj — Pop Base (@PopBase) April 11, 2025 A statement from China’s Ministry of Commerce described the U.S. actions as “irrational,” warning of “firm countermeasures” if Washington escalates further. These tit-for-tat moves have spooked markets, fueling concerns of a broader global slowdown. Export restrictions could hit: Aerospace and Auto Supply Chains Semiconductor and Military Tech Clean Energy Manufacturing BTC Outlook: Will Bitcoin Rally on Safe Haven Demand? As traditional markets react to the trade war, Bitcoin (BTC) is attracting attention as a potential hedge against geopolitical risk. BTC is currently trading around $84,612, holding above the key ascending trendline and the 50-period EMA at $84,146. Technical Snapshot: Resistance Level: $85,500 – A confirmed breakout above this could trigger momentum toward $87,400 Support Zone: $83,879 – A breakdown below this risks invalidating the uptrend RSI (14): 53.2 – Neutral to slightly bullish, signaling room for further upside if volume increases With Bitcoin historically rallying during times of macro stress, a sustained breakout above $85.5K could indicate a move toward multi-week highs. The current structure remains bullish, but volume confirmation is key. Summary Key Points: U.S. tariffs on China have reached a record 245%, escalating global trade tensions China retaliates with 125% tariffs and rare earth export restrictions Bitcoin consolidates above key support, poised for breakout above $85.5K BTC’s safe haven narrative may gain traction amid macroeconomic instability Traders should watch for a candle close above $85.5K with rising volume BTC Bull Token ($BTCBULL) Presale Nears $4.7M as Bitcoin Eyes $85K Amid escalating U.S.-China trade tensions and Bitcoin’s steady climb toward $85,000, BTC Bull Token ($BTCBULL) is capturing investor attention. This Ethereum-based meme coin uniquely rewards holders with real Bitcoin airdrops as BTC reaches significant price milestones Staking for Passive Bitcoin Income Beyond price-linked rewards, BTC Bull offers an aggressive staking program that currently provides up to 92% APY, allowing users to earn passive income while supporting the ecosystem. Community participation is accelerating, with over 1.2 billion $BTCBULL tokens already staked by early adopters. Staking Snapshot: Annual Yield: 92% APY Total Staked: 1,211,718,666 BTCBULL Unstake Anytime: Flexible reward system The high yield and strong tokenomics are helping drive adoption ahead of the next presale milestone. Latest Presale Updates: Current Token Price: $0.002465 per BTCBULL Raised So Far: $4.7M of $5.3M target With limited time remaining and demand accelerating, this is a key window to secure BTCBULL at presale rates before the next price jump. The post Will Bitcoin Explode as US Slaps 245% Tariffs on China? Here’s the Price Outlook appeared first on Cryptonews .
