Summary
- The imposition of an 84% additional tariff by China on US products has caused significant market fluctuations.
- As a result, it was reported that US stock index futures and crude oil futures showed a downward trend.
- Bitcoin (BTC) also plummeted, showing a 3.54% decline compared to the previous trading day.
It has been reported that China will impose an additional 84% tariff on US products.
According to Walter Bloomberg on the 9th (local time), the Chinese Ministry of Finance announced that it will impose an additional 84% tariff on US goods starting April 10th (local time). This is a significant increase compared to the existing tariff rate of 34%.
Furthermore, the Chinese Ministry of Commerce stated that it will add 12 US companies to the export control list.
Following this news, US stock index futures and crude oil futures are showing a downward trend. Apple, Meta, and others also showed a decline, giving back their pre-market gains.
Bitcoin (BTC) also plummeted momentarily. As of 8:08 PM, Bitcoin is trading at $76,226 on the Binance USDT market, down 3.54% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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