COINDESK DAILY: China Faces 245% Trump Tariff, Calls for Respect
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 16 April 2025
⏱️ 2 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry as the tariff war between the U.S. and China continues.
China responds to the U.S. raising 245% tariffs on Chinese imports. Escalating trade tensions sent bitcoin and cryptocurrencies tumbling Wednesday as Coinbase Institutional reported the arrival of crypto winter and Semler Scientific seeks to sell stock to buy bitcoin despite unrealized losses. CoinDesk's Christine Lee hosts on "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | The U.S. raises 245% tariffs on China, and the crypto markets tumble. |
| 0:05.9 | It's Wednesday, April 16, 2025. I'm Christine Lee. This is coined us daily. |
| 0:15.7 | China-telling state run China Daily. They're open to talks with the United States based on |
| 0:20.4 | equality, |
| 0:21.3 | respect, and mutual benefit Wednesday. After U.S. President Donald Trump raised tariffs against China |
| 0:26.2 | to 245 percent, this comes after China's retaliatory measures and bans on exports of key |
| 0:32.5 | strategic materials, including rare earth elements, gallium and germanium that are used in the production of high-speed |
| 0:39.5 | computer chips. Bitcoin and the CoinS20 are declining with Ave, the sole gainer, gold surging |
| 0:45.7 | over 2% to break 3,300 as investors flee to safe haven investments, and chipmaker |
| 0:51.8 | Navidio warned of the $5.5 billion revenue hit, sending tech |
| 0:56.3 | stocks lower and dragging the NASDAQ down. Meanwhile, Coinbase institutional reports that the |
| 1:01.7 | crypto market has entered a bare phase, with Bitcoin dropping below its 200-day moving average |
| 1:07.0 | and the top 50 tokens trading in bare market territory since late February. The decline |
| 1:12.5 | signaling a potential crypto winter is attributed to macroeconomic uncertainty and reduce venture capital |
| 1:18.7 | funding, which is up to 60% below 2021-22 levels. Analysts predict the market may find a floor |
| 1:26.3 | by mid to late second quarter of 2025, setting |
| 1:29.5 | the stage for potential rebound in the third quarter. |
| 1:32.5 | Finally, similar scientific stock falling over 3% Wednesday after reporting a $42 million |
| 1:38.5 | unrealized loss on its Bitcoin holdings for the first quarter of 2025 due to a 12% price drop, with its nearly |
| 1:46.0 | 3,200 BTC valued at over $260 million as of the end of March. Nevertheless, the health |
| 1:52.8 | tech firm plans to raise half a billion through a security sale primarily to fund further |
| 1:57.9 | Bitcoin purchases despite the market downturn. Additionally, Summer reached a tentative $30 million settlement with the Department of Justice |
... |
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