A new round of tariff increases from the US to China, up to 245% this time The White House states national security and China’s retaliatory measures as the reasons for the increase The effect might not be immediate or acute as in some previous rounds It’s another day, another round of US tariffs aimed at China. The White House announced new duties reaching up to 245% on Chinese imports Wednesday, marking a significant ramp-up in economic tensions between the two superpowers. The move follows a series of tit-for-tat tariff escalations, with the US citing national security concerns and China’s retaliatory measures as justification for the massive rise. This announcement is fresh, so the full market reaction is still unfolding, but volatility is expected. Previous rounds of tariff hikes definitely caused chaos across financial markets, crypto included. US stock indices experienced notable declines, with the S&P 500 falling by 3.45%, the Nasdaq dropping 4.31%, and the Dow Jones Industrial Average decreasing by 2.54%. Crypto had a similar pattern, if not worse, depending on the cryptocurrency. For instance, Bitcoin dropped to below $75k, a big decrease from … The post Tariff Time Again: What New US tariffs on China Mean for Your Crypto appeared first on Coin Edition .
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