On the 8th (local time), White House spokesperson Caroline Claire Levitt
"The implementation of additional 50% tariffs on Chinese products will be announced at 12:01 a.m. on the 9th," spokesman Leavitt said at a press conference.
President Trump signed an executive order to that effect on the same day. As a result, an additional 50% tariff will be imposed on Chinese imports from the 9th, bringing the total to 104% when combined with the existing tariffs.
The move comes in response to the Chinese government's retaliatory tariffs of 34% on U.S. products. In response, the Chinese Ministry of Commerce said, "It's one mistake on top of another."
China strongly criticized the US's expansion of tariffs, saying it would "fight to the end." China called the US's actions "threatening behavior."
In this context, the recent tariff clash, which occurred just after global stock markets had barely regained stability, has caused market anxiety.
European stocks recently rebounded partially from their lowest levels in 14 months, and US stocks also showed signs of temporary recovery amid expectations that President Trump may back away from his hardline tariff stance.
However, Bitcoin has started to fall again. Bitcoin, which briefly recovered to $80,000 early Tuesday, has fallen again. At 10:20 a.m. on the 9th, Bitcoin was trading at 1,000,000 yen.
On the CoinMarketCap website, it is trading at $75,043 (approximately 10.92 million yen), down 5.36% from 24 hours ago and 11.60% from a week ago.
According to the Coinglass platform, over 99,000 traders were forced to liquidate in the 24 hours of that day, amounting to approximately $287 million (approximately 4.5 billion yen).
However, Levitt said, "President Trump will be open to negotiations if China contacts him," and that the agreement between President Trump and China will be finalized.
While mentioning the possibility, he stressed that China needs to initiate negotiations first.
2025/04/09 10:58 KST
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