Trump: "Tariffs on China May Rise Again Without Agreement"

Son Min

Summary

U.S. President Trump indicated that tariffs on China could be increased if a trade agreement fails.
He stated that the tariff increase on China will not be comprehensive.
This news reportedly led to a sharp decline in the cryptocurrency market, including Bitcoin.

U.S. President Donald Trump indicated that tariffs on China could be increased if an agreement is not reached.

According to the Wall Street Journal (WSJ) on the 12th (local time), Trump stated, "If a trade agreement is not reached within 90 days, tariffs on China will be increased again," but also mentioned, "There will be no comprehensive increase up to 145%."

Following this news, the cryptocurrency market, including Bitcoin (BTC), showed a sharp decline. As of 12:06 AM, Bitcoin is trading at $102,552 on the Binance USDT market, down 1.67% from 24 hours ago.

BTC

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit

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Trump: "Tariffs on China May Rise Again Without Agreement"

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