{"id":3062,"date":"2025-04-09T17:55:00","date_gmt":"2025-04-09T16:55:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=3062"},"modified":"2025-04-09T17:33:39","modified_gmt":"2025-04-09T16:33:39","slug":"china-hits-back-84-tariffs-usa-bitcoin-drops-below-77000","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/china-hits-back-84-tariffs-usa-bitcoin-drops-below-77000\/","title":{"rendered":"China hits back with 84% tariffs on the USA as Bitcoin drops below $77,000"},"content":{"rendered":"\n

China Strikes Back, Bitcoin Loses Ground<\/h2>\n\n\n\n

China<\/strong> wasted no time in responding to the recent increase in American tariffs<\/strong> on Chinese exports<\/strong>.<\/a> The Chinese government announced an 84% increase in tariffs<\/strong> on all imports from the United States. This decision will take effect on April 10, 2025<\/strong>.<\/p>\n\n\n\n

This retaliation follows Washington’s decision to raise its own tariffs on Chinese products, raising them from 34% to 84%<\/strong>. The Chinese State Council’s Customs Tariff Commission referred to these American measures as “unilateralism” and “economic harassment”<\/strong>. They accused the United States of violating international trade rules<\/strong> and jeopardizing global economic stability.<\/p>\n\n\n

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In response, China cited national legal framework and principles of international law<\/strong> to justify its retaliatory decision. The Chinese government urged the United States to revoke these “erroneous practices” and return to the negotiating table<\/strong>.<\/p>\n\n\n\n

This new escalation in the Sino-American trade war had an immediate impact on global financial markets. Bitcoin (BTC<\/a>) is often seen as a safe haven<\/strong> amidst geopolitical turmoil. However, it briefly dropped below the $77,000<\/strong> mark.<\/p>\n\n\n\n

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Implications Beyond Trade<\/h2>\n\n\n\n

Beyond trade tensions<\/strong>, this new escalation of hostilities between China and the United States will have far-reaching implications<\/strong> on the global economy. The increase of tariffs to nearly prohibitive levels risks causing a sharp decline in trade<\/a> volumes<\/strong> and disrupting numerous supply chains.<\/p>\n\n\n\n

Furthermore, this confrontation highlights fragilities in the current international economic system<\/strong>. Dominated by the two largest global powers, the market volatility, exemplified by Bitcoin’s drop, demonstrates how cryptocurrencies<\/a> remain sensitive to geopolitical uncertainties despite claiming to be safe havens.<\/p>\n\n\n\n

Beyond economic considerations, this escalation also raises profound questions about global governance and the ability of international bodies to regulate trade conflicts. By engaging in tariff wars<\/strong>, China and the United States seem to disregard the multilateral cooperation efforts of recent years.<\/p>\n\n\n\n

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