Trump’s 100% China tariffs sent crypto into chaos, wiping out $16B in longs. Bitcoin plunged, traders panicked, and speculation rose over who saw it coming.
BUSINESS
Hong Kong and China launch blockchain pilot for cross-border credit verification
Hong Kong and China have announced a collaboration to test blockchain links for credit verification. According to reports, the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) …
China says it’s ‘not afraid’ of a tariff war in the face of Trump’s 100% tariff threat
China’s stance is consistent,” the Chinese Commerce Ministry said in a statement posted online. “We do not want a tariff war but we are not afraid of one.”View on euronews …
China’s car dealers feel life-threatening squeeze from price war, e-commerce rivals
Industry consortium pleads for support as market share continues to slide, while an analyst says a turnaround is ‘unlikely’.
China warns US of countermeasures if Trump doesn’t walk back 100% tariff threat
Beijing has vowed to take countermeasures against Washington if US President Donald Trump follows through on his threat to impose new 100% tariffs on Chinese goods.
China defends rare earth export curbs as ‘legitimate,’ hits back at U.S. tariffs as Trump-Xi meeting hangs in balance
The Chinese Ministry of Commerce said the controls, issued Oct. 9, were part of Beijing’s effort to “better safeguard world peace and regional stability.” …
China says its rare earth export controls are ‘legitimate’
China defended its export control measures on rare earths as “legitimate” on Sunday after President Donald Trump retaliated against the curbs by announcing steep new U. China is willing to strengthen …
China blames Trump and US for escalating trade war
China has slammed Donald Trump’s plan to impose additional 100 per cent tariffs on Chinese exports and threatened new countermeasures as it blamed the US for a rapid deterioration of relations between …
Trump announces new 100% tariff on Chinese imports, after stock market sell-off
In retaliation, Trump threatened a “massive increase” on tariffs on Chinese products coming into the US, even though he said the move would be “potentially painful.” Tariffs on Chinese imports into …
Trump’s new 100% tariffs on China triggered a $19 billion crypto sell-off
President Donald Trump’s threat of 100% tariffs on China “over and above any Tariff they are currently paying” effective November 1, sparked a massive cryptocurrency sell-off late Friday.
Aave and Uniswap shine as markets tumble after Trump’s new China tariffs
Decentralized finance (DeFi) leaders are hailing the resilience of blockchain-based trading and lending protocols after one of the largest market sell-offs of the year, triggered by renewed trade …
Crypto market plummets after China tariff announcement, shrinking Trump’s own portfolio
The crypto market spiraled on Friday after President Donald Trump announced new tariffs on China, losing the president millions within his crypto portfolio. Trump announced a new 100% tariff on …
What are rare earth minerals, and why are they central to Trump’s threats against China?
China’s restrictions are also seen as a response to Trump’s “reciprocal tariffs” on Chinese goods announced in April. After agreeing on a trade truce in Geneva, US officials had expected China to ease …
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