Trump Intensifies Trade War: 155% Tariffs on China from November 1
U.S. President Donald Trump announced a 155% tariff on imports from China starting November 1, 2025. This announcement is made in the efforts to protect the American economy and negotiations with Beijing. The tariffs are added to the existing 55%, increasing pressure on China. The announcement caused volatility in the markets, including cryptocurrencies.
Announcement Details
Trump emphasized that the tariffs are "unacceptable" for the Chinese economy and aimed at correcting the trade imbalance. "China has been very harsh with us," he stated, blaming previous administrations for weakness. He previously mentioned a possible meeting with Xi Jinping at the APEC summit or in South Korea, but noted it might not happen. This follows a deal with Australia on rare earth elements, reducing dependency on China.
Impact on the Crypto Market
Bitcoin's price, which reached $114,000 during the day, fell to $110,000 after Trump's announcement. This reflects risk-off sentiment: cryptocurrencies are sensitive to geopolitical tensions as China dominates mining. Experts note the escalation could increase volatility, but long-term BTC remains a hedge against inflation.
Related Crypto Events
Senator Elizabeth Warren criticized the stablecoin law (GENIUS Act), calling on the U.S. Treasury to close regulatory gaps to protect financial stability. Meanwhile, the Federal Reserve is opening access for crypto companies to its payment system, including stablecoins, signaling a move towards DeFi integration.
Analysis and Forecast
Experts, including Zhuang Bo from Loomis Sayles, believe the U.S. and China are ready for dialogue, but without concessions, an agreement in 2025 is unlikely. For the crypto market, this may mean short-term downturns, but increased regulation by the Federal Reserve will support institutional interest. Key insights: tariff escalation increases geopolitical risks; BTC reacts to global events; U.S. regulatory measures promote blockchain integration.