Crypto, stocks enter ‘new phase of trade war’ as US-China tensions rise

Cryptocurrency and equities markets entered a “new phase of the trade war, amid ongoing tariff escalations between the United States and China. Global trade war concerns intensified on April 15 after the White House published a fact sheet announcing that Chinese imports would be hit with tariffs of up to 245%. The penalties include a “125% reciprocal tariff, a 20% tariff to address the fentanyl crisis, and Section 301 tariffs on specific goods, between 7. 5% and 100%,” according to the White House source: https://cointelegraph.com/news/crypto-stocks-new-phase-trade-war-245-tariff-escalation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound