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BTCC / BTCC Square / Global Cryptocurrency /
President Trump on China 145% Tariff: Trade War Tensions Rise

President Trump on China 145% Tariff: Trade War Tensions Rise

Author:
Global Cryptocurrency
Published:
2025-04-24 10:11:01
8
1

Trade tensions escalate as the White House denies reports of planned tariff reductions on Chinese goods. Treasury Secretary Scott Bessant refuted claims by The Wall Street Journal, leaving markets wary of renewed trade war volatility.

The standoff threatens to disrupt global supply chains, potentially impacting risk assets. Cryptocurrencies may face indirect pressure from macroeconomic uncertainty, though their decentralized nature often insulates them from traditional market shocks.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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