President Donald Trump has pledged to increase the American tariffs on China until 100 % in just hours, prompting BTC and stocks to start again on Tuesday.
- Trump Declare Plan to impose an additional 50 % duty on American imports from China starting on Wednesday, in response to 34 % reprisals on American goods, prompting the total customs tariffs on Chinese imports to 104 %.
- The China Ministry of Commerce described the escalation of the American tariff as “a mistake at the top of the mistake”, accusing the United States of “the nature of extortion” and the pledge to “fight to the end” if the United States continues.
- This comes after global stock markets settled on Tuesday after days of turmoil, as European stocks recovered from a 14 -month decrease and Wall Street indicators that rise amid hopes that may reduce Trump from his induction position.
- As of writing this report, Bitcoin returned to $ 76,600, after it was briefly recovered from $ 80,000 early on Tuesday.
- Crypto references remain high, including $ 287 million in “Rekt” trading over the past 24 hours, through more than 99,000 merchants, according to Codinglass.
- Trump suggested that there be a deal with China as possible, on social media that China “wants to make a deal badly”, and that he is waiting for their invitation, although the assistants indicated talks with allies such as Japan and South Korea.
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