Xi Jinping Calls Trump a 'Bully'... Bitcoin (BTC) Temporarily Returns 82k Amid US-China Tariff Clash

Minseung Kang

Summary

It was reported that Bitcoin (BTC) temporarily returned to $82,000 due to the impact of the US-China tariff clash.
China announced its decision to impose an additional 34% tariff on US imports.
In the financial markets, major index futures plummeted, requiring investors' attention.

Chinese President Xi Jinping reportedly criticized US President Donald Trump as a "bully" and argued that the excessive influence of the United States should be curbed.

According to the cryptocurrency media outlet Cryptopolitan on the 4th, President Xi criticized the US's recent actions as "unilateral unfair practices that clearly violate international trade norms." He added, "The United States should not become an excessively strong nation, and we will fight against it."

Earlier that day, China announced that it would impose an additional 34% tariff on all US imports starting at 12:01 AM (local time) on the 10th. This measure will be applied in addition to existing tariffs, and no exemptions will be granted.

Immediately after the tariff announcement, the financial markets reacted swiftly. Dow Jones Industrial Average futures fell 900 points (2.2%), and S&P 500 and Nasdaq 100 futures also plummeted by 2.3% and 2.6%, respectively. Bitcoin (BTC) also temporarily returned to $82,000.

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