Trade Tensions Spike: China Imposes 84% Tariff, Bitcoin Falls Beneath $76K

China Fires Back With 84% Tariff on U.S. Goods, Sending Shockwaves Through Markets

In a bold retaliatory strike, China has imposed an 84% tariff on all imports from the United States, matching Washington’s latest trade offensive and deepening the standoff between the world’s two largest economies. The sweeping measure, announced by China’s Ministry of Finance, will take effect on April 10.

The move comes just one day after the U.S. hiked its own tariffs on Chinese exports from 34% to 84%, a dramatic escalation in the ongoing trade war. Beijing wasted no time in responding, slamming the U.S. for engaging in “economic bullying” and disregarding global trade norms.

In a statement, China’s State Council Tariff Commission accused Washington of destabilizing the international economic order. It defended the new tariffs as a legitimate response grounded in both Chinese law and international agreements, and urged the U.S. to withdraw its measures and return to the negotiating table.

With punitive tariffs now flying in both directions, analysts warn the economic fallout could ripple far beyond U.S.-China trade. Investors are already reacting: Bitcoin (BTC), often viewed as a safe-haven asset, dropped below $76,000 in the immediate aftermath of the announcement, signaling a broader risk-off sentiment across global markets.

The latest exchange marks a chilling turn in already fragile trade relations, raising the specter of prolonged economic fragmentation and renewed volatility.

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