COINDESK DAILY: Trump Slaps 145% Tariffs Against China, Bitcoin Tumbles
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 10 April 2025
⏱️ 3 minutes
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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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