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The White House has announced that an additional 104% tariff on China went into effect at noon on Tuesday, with collections of the tariff beginning April 9. US President Donald Trump threatened an additional tariff on China if Beijing didn’t remove its retaliatory duties on US exports. The latter brought its own 34% tariff increase on the United States in response to Trump’s tariff announcement last week. Since China has yet to lift its retaliatory tariffs, the White House has added an additional 104% tariff to Chinese imports.
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00:00 Intro 00:17 Sponsor: Coinbase 00:45 Tariffs are live + Yuan crashes 01:35 China tariff could mean capital flight to crypto 02:32 Bitcoin holdings 02:57 China vs Trump 04:22 China dumps $50B is US treasuries 05:00 Chinese debt 05:39 China being petty 06:15 Scott Bessent China escalation was a mistake 07:23 Bessent x Soros connection 08:10 Ray Dalio - "I agree with problem, concerned with solution" 09:45 China global trading 11:10 Tom Lee - This could take some time 12:40 Italy ready negotiate 13:19 Countries willing to negotiate 15:18 Trump meeting w/Republicans 15:50 Charts 16:00 Outro
#Bitcoin #ethereum #tariffs ~Early 104% Tariff Shocks China! |