- China runs out, and escapes the customs tariffs on American goods to 84 % with the escalation of the trade war
- Markets (including Crypto) recently recovered for 90 days last Definitions
- Rally Crypt Market Rally ignores the raising of the US -Chinese tariff, focusing on a broader comfort
The direct trade conflict between the United States and China escalated on Wednesday, so that the broader market morale witnessed relief.
China has announced an increase in customs tariffs on American goods to 84 %, which will get April 10. This represents a direct response to the former President Donald Trump’s imposition of a 104 % tariff on Chinese imports. These sacred measures of the ongoing trade war have intensified between the two largest global economies.
How does markets interact with conflicting news?
It is interesting, while the specific US -Chinese tensions have worsened, the broader financial markets, including encryption, showed a simple recovery in the past 24 hours. The assembly was in response to news reports from the White House announcement of a temporary stop for a period of 90 days at the highly planned US tariff (not related to active Chinese definitions).
Before this temporary suspension, Bitcoin briefly fell to less than 75,000 dollars and ETAREUM was testing levels near $ 1,400.
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