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!🚨Crypto Market Crashes🔥~
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