The post US-China Trade War Rattles Crypto – What’s Next for Bitcoin? appeared on BitcoinEthereumNews.com.
China recently announced a 10% tariff on US crude oil and agricultural machinery in response to US tariffs on all Chinese imports, reigniting fears of another prolonged trade war. The ongoing trade dispute between the US and China has escalated further, triggering significant volatility in global markets, including cryptocurrencies. Market Fallout and Crypto Reaction to US-China Trade Wars China imposed a 15% tariff on US coal and LNG while adding a 10% levy on crude oil and farm equipment. The move comes after US President Donald Trump reintroduced aggressive trade policies to curb China’s economic influence. While market sentiment initially soured, some analysts argue that China’s latest tariffs may not have as severe an impact as initially feared. According to The Crypto Lark Davis, China imports relatively little from the US in the affected categories. “China imports 6% of its LNG from the USA. 4 million tons versus USA total export globally of 87 million tons in 2024. Coal the USA ships about 6% of its coal exports to China. For agricultural equipment, could not find any firm numbers so it seems to be small. This is not the equivalent of the Mexico and Canada trade disputes,” Davis explained. Davis believes the market’s reaction may be overblown and warns against panic-driven selling. Borovik, another popular user on X, echoes this sentiment, stating that traders dumping crypto in response to the tariffs will likely regret it in 48 hours as the market stabilizes. In contrast to the US-China tensions, a temporary trade reprieve between the US and Canada eased market concerns. As BeInCrypto reported, Trump agreed to delay tariffs on Mexico and Canada for 30 days. In return, there will be enhanced border enforcement against drug trafficking and illegal migration. The development prompted a quick recovery for Bitcoin, which briefly reclaimed…