{"id":57717,"date":"2025-04-08T17:41:20","date_gmt":"2025-04-08T17:41:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57717"},"modified":"2025-04-08T17:41:20","modified_gmt":"2025-04-08T17:41:20","slug":"bitcoin-dumps-as-us-slaps-china-with-whopping-104-tariffs","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57717","title":{"rendered":"Bitcoin Dumps As US Slaps China With Whopping 104% Tariffs"},"content":{"rendered":"<p><span>President Donald Trump has vowed to increase U.S. tariffs on China beyond 100% within mere hours, prompting BTC and stocks to begin cratering again on Tuesday.\u00a0<\/span><\/p>\n<p><span>Trump <a href=\"https:\/\/www.reuters.com\/world\/china-criticises-trump-tariff-blackmail-market-turmoil-settles-2025-04-08\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> plans to impose an additional 50% duty on U.S. imports from China starting Wednesday, in response to Beijing\u2019s retaliatory 34% tariffs on U.S. goods, pushing total U.S. tariffs on Chinese imports to 104%.<\/span><br \/>\n<span>China\u2019s commerce ministry labeled the U.S. tariff escalation as \u201ca mistake on top of a mistake,\u201d accusing the U.S. of a \u201cblackmailing nature\u201d and pledging to \u201cfight to the end\u201d if the U.S. persists.<\/span><br \/>\n<span>This comes after global stock markets steadied on Tuesday after days of turmoil, with European shares recovering from 14-month lows and Wall Street indexes rebounding amid hopes Trump might soften his tariff stance.<\/span><br \/>\n<span>As of writing, bitcoin has cratered back to $76,600, after briefly recoverin back above $80,000 early Tuesday.<\/span><br \/>\n<span>Liquidations in crypto remain high, including $287 million in trades \u2018rekt\u2019 in the past 24 hours, across over 99,000 traders, according to Coinglass.\u00a0<\/span><br \/>\n<span>Trump suggested a deal with China is possible, stating on social media that China \u201cwants to make a deal, badly,\u201d and that he\u2019s awaiting their call, though aides indicated talks with allies like Japan and South Korea are being prioritized.<\/span><span><\/span><\/p>\n<p><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-dumps-as-us-slaps-china-with-whopping-104-tariffs\/\">Bitcoin Dumps As US Slaps China With Whopping 104% Tariffs<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>President Donald Trump has vowed to increase U.S. tariffs on China beyond 100% within mere hours, prompting BTC and stocks to begin cratering again on Tuesday.\u00a0 Trump announced plans to impose an additional 50% duty on U.S. imports from China starting Wednesday, in response to Beijing\u2019s retaliatory 34% tariffs on U.S. goods, pushing total U.S. [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":57718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57717"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57717"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57718"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}