Trump’s Tariff Hike Sparks Chinese Countermeasure: 15% Duty on U.S. Products

China Hits Back at U.S. Tariff Hike With New Import Duties, Markets React

Escalating trade tensions between the U.S. and China are shaking financial markets, with risk assets—including cryptocurrencies—under pressure.

Key Updates:

• China has announced new tariffs on U.S. goods, including a 15% duty on wheat, corn, cotton, and chicken, alongside a 10% tax on soybeans, pork, beef, seafood, and other agricultural products. These tariffs will take effect March 10.
• The move is a direct response to President Trump’s Monday decision to double tariffs on Chinese imports to 20% and impose 25% duties on goods from Mexico and Canada.
• The uncertainty has triggered a sell-off across markets—Bitcoin (BTC) has dropped 2% to $84,200, as per CoinDesk and TradingView data.

With geopolitical tensions rising, traders are closely watching for further policy moves that could impact global markets.

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