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China has retaliated against the latest US tariff hikes by imposing a 125% tariff on American goods, escalating the ongoing trade conflict. A senior Chinese official dismissed concerns over losing the US market, emphasizing China’s long-term resilience. Meanwhile, Bitcoin is emerging as a hedge amid rising market volatility.
- China imposes 125% tariffs on US goods in retaliation for Trump's 145% tariffs, escalating trade tensions.
- Bitcoin emerges as a hedge amid market volatility, with potential capital flight from China if the yuan is devalued.
- Federal Reserve signals readiness to stabilize markets, while EU leaders plan talks with China to strengthen ties.
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