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Bitcoin Dumps As US Slaps China With Whopping 104% Tariffs

  • President Donald Trump vows to increase U.S. tariffs on China to over 100%, causing Bitcoin and stocks to decline.
  • Trump announces plans for an additional 50% duty on U.S. imports from China, resulting in total U.S. tariffs on Chinese imports of 104%.
  • China's commerce ministry criticizes the U.S. tariff escalation and pledges to fight against it.
  • Bitcoin experiences a drop to $76,600 as a result, while global stock markets stabilize after days of turmoil.

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