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regarding the US announcement of imposing a 125% tariff on China, Foreign Ministry spokesperson Lin Jian said that the US, out of selfish interests, is using tariffs as a weapon to exert extreme pressure and seek private gains, severely infringing on the legitimate rights and interests of all countries, seriously violating the rules of the World Trade Organization, seriously undermining the rules-based multilateral trading system, and seriously disrupting the stability of the global economic order. This is openly defying the will of the world and going against the entire world. I want to emphasize once again that there are no winners in a tariff war or trade war. China does not want to fight, but is not afraid to fight. We will never allow the legitimate rights of the Chinese people to be deprived, and we will never allow the international economic and trade rules and multilateral trading system to be destroyed. If the US insists on waging a tariff war or trade war, China will definitely fight to the end. The US is prioritizing its own interests over the common interests of the international community, sacrificing the legitimate interests of all countries in the world to serve its hegemonic interests, which will inevitably face even stronger opposition from the international community.
Before diving into the various ways these tariffs are expected to impact the bitcoin mining industry, it is important to first provide a brief explanation of how the tariffs function.
Wall Street rebounded sharply on April 9 after President Donald Trump announced a 90-day pause on tariffs, temporarily easing trade tensions. Bitcoin roared past the $82,000 range at 1:50 p.m. Eastern Time on Wednesday.
latest meeting minutes of the Federal Reserve will be released at 2 am on Thursday Beijing time. These minutes detailed the discussions of the policy meeting on March 19-20 - when the Federal Reserve kept the benchmark interest rate in the range of 4.25%-4.50% and signaled three interest rate cuts within the year, each by 25 basis points.
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