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The US has threatened to increase tariffs on Chinese goods to 245%, escalating trade tensions between the two economic giants. Financial markets reacted with volatility, as stocks fell, gold surged, and Bitcoin remained stable. This move follows a pattern of aggressive trade policies under the Trump administration.
- The US threatens to raise tariffs on Chinese goods to 245%, focusing on critical minerals and military equipment.
- Gold prices surged to a record high, while US stock futures dropped significantly, with tech stocks hit hardest.
- Bitcoin remained stable despite the market turmoil, suggesting it may have already priced in the trade tensions.
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