Trump Calms US-China Trade Tensions After 100% Tariff Shock
Markets experienced significant volatility following President Trump's threat of imposing 100% tariffs on Chinese goods. The abrupt announcement sent shockwaves through global financial markets, with investors scrambling to assess the potential impact on trade flows and economic growth.
The subsequent de-escalation of tensions provided relief, though the episode underscored the fragility of US-China relations. cryptocurrency markets, often sensitive to macroeconomic uncertainty, exhibited muted reactions as traders focused on broader risk assets.