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CoinDesk Podcast Network

COINDESK DAILY: Trump Slaps 145% Tariffs Against China, Bitcoin Tumbles

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 10 April 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Host Christine Lee breaks down the latest news in the crypto industry after U.S. President Donald Trump raise tariffs against China to 145%. Bitcoin fell below $80,000 Thursday after U.S. President Donald Trump raise tariffs against China to 145%. Plus, crypto friendly Paul Atkins is confirmed as the new chairman of the U.S. Securities and Exchange Commission, and Pakistan seeks to utilize up to 10,000 megawatts of surplus energy for Bitcoin mining. 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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0:49.7

Bitcoin shedding gains as US stocks tumble and Trump hikes tariffs against China to 145%.

0:57.0

It's Thursday, April 10th, 2025. I'm Christine Lee. This is CoinDest Daily.

1:06.9

Bitcoin falling below $80,000 in the crypto markets turning red Thursday as U.S. stocks shed another 5 to 6% during the New York trading session, while European and Asian stocks soar after U.S. President Donald Trump hikes China tariffs to 145%.

1:22.6

Yesterday, Trump reduced reciprocal tariffs for other countries by 10% and paused sweeping tariffs on non-retaliating

1:29.4

countries for 90 days to allow for trade negotiations. The European Union also paused tariffs

1:34.9

against the U.S. for 90 days. U.S. listed spot Bitcoin ETF saw 127 million in outflows

1:41.3

Wednesday, according to Farsight investors' data. Nevertheless, asset manager

1:45.6

Grayscale saying trade tensions could be positive for Bitcoin adoption in the medium term,

1:50.8

as they can lead to stagflation and this benefits scarce assets such as gold and Bitcoin. Grayscale

1:56.2

adding that the U.S. dollars role as the world's single reserve currency may be challenged,

2:00.6

allowing room for new reserve assets. Paul Atkins, known for the U.S. dollars' role as the world's single reserve currency may be challenged, allowing

2:01.1

room for new reserve assets.

...

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