US-China trade war reignites after US extends restrictions against sanctioned Chinese firms.
China responds in kind with new restrictions linked to rare earth elements.
Trump threatens additional 100% tariffs to commence 1st November.
S&P drops by over 2% and cryptocurrencies suffer “largest liquidation event in crypto history”.
Trump posts a passive aggressive comment to calm the markets, likely only inflaming China.
A new round of fighting between the US and China, this time sparked by the US extending restrictions surrounding several sanctioned Chinese entities. China responded in kind, leading to President Trump hypocritically accusing China of unfair trade practices and threatening an additional 100% tariff – causing the situation to once again spiral out of control, sending stock markets falling and sparking a significant cryptocurrency sell-off.
Tariffs & US Relations
Once again President Trump has thrown a tantrum, accusing China of unfair trade practices when in fact ...
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