COINDESK DAILY: Trump Escalates Trade Tensions with China
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 April 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry as China vows to fight U.S. President Donald Trump's threats to raise tariffs.
Bitcoin stabilized at about $80,000 Monday amid China's vow to fight U.S. President Donald Trump's threats to raise tariffs to 104%. Meanwhile, the U.S. Justice Department dismantles its crypto unit as Trump reduces crypto regulation and crypto lawyer James Murphy sues the U.S. government to disclose documents that could reveal the identity of Satoshi Nakamoto, the creator of bitcoin. CoinDesk's Christine Lee hosts "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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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.8 | Trump escalates trade tensions with China while the US.S. Department of Justice drops its crypto unit. |
| 0:55.9 | It's Tuesday, April 8, 2025. I'm Christine Lee. This is CoinDest Daily. |
| 1:05.6 | Bitcoin price stabilizing at about $80,000 Tuesday morning in New York, |
| 1:10.5 | crypto markets recovering some losses |
| 1:12.4 | following Monday's global equities bloodbath. Coiness's crypto Daybook America's team saying |
| 1:17.5 | it is more of a relief rally than a true recovery. At the heart of the conflict are the U.S. and |
| 1:22.7 | China, both refusing to be the first to blink, even if it means prolonged uncertainty and pain for global |
| 1:28.6 | markets. China remains defiant over U.S. President Donald Trump's latest threats to raise |
| 1:33.4 | tariffs against China to a total of 104%. In the bigger picture, Bitcoin is holding up fairly well. |
| 1:40.0 | The NASDAQ is down over 22% from its all-time high, while Bitcoin is off by 28%. |
| 1:45.3 | In previous episodes, like the yen-carry trade unwinded in August 2024 or the COVID crash of March 2020, |
| 1:52.6 | Bitcoin suffered far deeper relative losses. |
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