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$6 billion wiped out in 1 hour! Trump to impose 130% tariff on China; triggers crypto market sell off

Cryptocurrency markets tumbled on Friday as renewed trade tensions between the US and China, alongside a fresh export control move by Donald Trump, rattled investors worldwide.After the announcement crypto giant Bitcoin fell 8.4% to $104,782 at 17:20 ET and Ethereum followed, tumbling 5.8% to $3,637. Earlier on Monday, Bitcoin, the world’s largest crypto, recorded its…

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‘Hostile order’: Donald Trump rekindles trade war — Why has US threatened to impose additional 100% tariff on China?

US President Donald Trump has thrown another punch in Washington’s long-running economic bout with Beijing, threatening to slap fresh 100% tariffs and export bans in response to China’s tightening grip on rare earth minerals. The uneasy truce between the world’s two biggest economies came after months of uneasy calm, sending shockwaves through global markets and…

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1760158674 unnamed file.jpg

‘Hostile order’: Donald Trump rekindles trade war — Why has US threatened to impose additional 100% tariff on China?

US President Donald Trump has thrown another punch in Washington’s long-running economic bout with Beijing, threatening to slap fresh 100% tariffs and export bans in response to China’s tightening grip on rare earth minerals. The uneasy truce between the world’s two biggest economies came after months of uneasy calm, sending shockwaves through global markets and…

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Trump-Xi call: China urges US to not impose unilateral trade-restrictive measures; says would undermine progress

Chinese President Xi Jinping on Friday urged US counterpart Donald Trump not to impose unilateral trade restrictions, as such actions could undo the progress made through several rounds of talks.In a telephonic conversation, the two leaders discussed current ties between the two nations, issues of mutual concern and provided strategic guidance for the stable development…

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