{"id":21166,"date":"2025-04-08T17:47:16","date_gmt":"2025-04-08T17:47:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21166"},"modified":"2025-04-08T17:47:16","modified_gmt":"2025-04-08T17:47:16","slug":"bitcoin-dumps-as-us-slaps-china-with-whopping-104-tariffs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21166","title":{"rendered":"Bitcoin Dumps As US Slaps China With Whopping 104% Tariffs"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">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<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Trump <a href=\"https:\/\/www.reuters.com\/world\/china-criticises-trump-tariff-blackmail-market-turmoil-settles-2025-04-08\/\" data-wpel-link=\"external\" target=\"_blank\">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><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">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><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">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><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">As of writing, bitcoin has cratered back to $76,600, after briefly recoverin back above $80,000 early Tuesday.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">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><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">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 style=\"font-weight: 400\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-391467\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTCUSD_2025-04-08_13-36-48-1024x578.png\" alt=\"\" width=\"1024\" height=\"578\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTCUSD_2025-04-08_13-36-48-1024x578.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTCUSD_2025-04-08_13-36-48-300x169.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTCUSD_2025-04-08_13-36-48-768x434.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTCUSD_2025-04-08_13-36-48-50x28.png 50w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTCUSD_2025-04-08_13-36-48.png 1495w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/p>\n<p><\/span><\/li>\n<\/ul>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-dumps-as-us-slaps-china-with-whopping-104-tariffs\/\" rel=\"nofollow\">Bitcoin Dumps As US Slaps China With Whopping 104% Tariffs<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","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":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21166","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21166"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21166\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}