Bitcoin Drops as China Escalates Trade War With 34% Tariff on US Imports

On April 4, 2025, China responded to the latest US tariff imposition by imposing an additional 34% tariff on all goods imported from the US. This escalates the already tense trade war between the two largest economies in the world. Bitcoin dropped 3% within hours of the announcement, briefly falling below $82,000. This latest development has caused concern among investors, analysts, and participants in the cryptocurrency sector about its potential impact source: https://beincrypto.com/china-imposes-34-tariff-on-us/