COINDESK DAILY: China Strikes Back With 125% Tariffs on U.S. Goods

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 11 April 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Christine Lee breaks down the latest news in the crypto industry as China imposes 125% tariffs against U.S. imports. China imposes 125% tariffs against U.S. imports Friday after U.S. President Donald Trump announced 145% tariffs against Chinese goods. Meanwhile, Trump becomes the first U.S. president to sign a crypto bill into law, overturning an anti-DeFi IRS rule and Trump family-backed World Liberty Financial denies reports it sold $8 million worth of ether earlier this week. CoinDesk's Christine Lee hosts "CoinDesk Daily." - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.6	China fights back imposing 125% tariffs on U.S. imports.
0:55.1	It's Friday, April 11, 2025.
0:57.8	I'm Christine Lee. This is Coin Dust Daily.
1:04.9	China raising tariffs from 84% to 125% on U.S. goods Friday, escalating trade tensions in response to U.S. tariff threats.
1:15.2	A move that coincides with the U.S. dollar index dropping to a three-year low. Bitcoin rising
1:20.8	above $82,000, reinforcing its appeal as a hedge against global economic uncertainty triggered
1:27.2	by the trade war.
1:28.3	Cryptomarkets showing resilience with altcoins like ether, also holding steady despite
1:33.3	global economic pressures. On Thursday, U.S. President Donald Trump raised tariffs on Chinese
1:38.7	goods from 125 to 145% as U.S. China trade tensions continue to rise.
1:45.0	Meanwhile, Trump becomes the first U.S. President to sign a crypto bill into law,
1:50.0	overturning an IRS rule that would have required decentralized finance platforms to report user transactions as brokers,
	...

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