U.S.-China Tensions Explode Again | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 2 June 2025
⏱️ 3 minutes
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Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry as U.S.-China trade tensions escalate.
Trade tensions between the U.S. and China have escalated as renewed tariff fears dominate the global market narrative. President Trump's announcement to double tariffs on steel and aluminum, coupled with new restrictions on AI chip exports and student visas, has prompted vows of retaliation from China and sent ripples through crypto markets. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie 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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| 0:00.0 | Renewed tariff fears dominate the market narrative and James Wynne gets liquidated. |
| 0:05.4 | You're watching Coin Desk Daily. I'm your host, Jen Sanassi. |
| 0:15.2 | Doge, XRP, and Seoul are showing signs of bottoming out as global markets grapple with renewed trade tensions |
| 0:21.8 | and macroeconomic uncertainties. Recent turbulence is largely attributed to escalating trade tensions |
| 0:27.3 | between the U.S. and China. President Trump's announcement to double tariffs on steel and aluminum |
| 0:32.8 | imports has reignited fears of a trade war prompting China to vow retaliatory measures. |
| 0:39.2 | Additionally, the U.S. has imposed new restrictions on AI chip exports and revoked student visas, |
| 0:45.1 | which China says violates trade truce. While analysts are urging investors to monitor macroeconomic |
| 0:50.7 | events, they remain optimistic for the long term, citing more institutions and |
| 0:55.3 | users onboarding daily. Read more about how tariffs are dominating the market narrative in |
| 1:00.4 | today's Crypto-daybook Americas. Wish you could access cash without selling your Bitcoin? |
| 1:05.8 | Lennon makes that possible. The global leader in Bitcoin-backed lending, Leden has issued over |
| 1:10.3 | $9 billion in loans since 2018 and never lost a single Satoshi of client assets. |
| 1:16.7 | Why is the Lennon loan different? With custody loans, collateral is not lent out to generate interest, no credit checks, funds in less than 12 hours, no monthly payments, repay whenever you want with zero penalties. |
| 1:30.0 | And proof of reserves reports verified by a top accounting firm are published every six months. |
| 1:35.7 | Lenin gives Bitcoin holders a secure, transparent way to unlock liquidity without selling. |
| 1:41.0 | Learn more at leaden.io. That's LEDN.io.O. The Bank of America is warning that the U.S. |
| 1:47.0 | dollar may face further declines this summer following a 9% drop this year due to tariff concerns. |
| 1:53.3 | This is widely seen as positive for dollar-denominated assets like gold and Bitcoin. |
| 1:58.6 | In a report to clients on Friday, the Global FX research team said that |
| 2:01.8 | tariffs are more detrimental to the U.S. economy as the country trades more with the rest of the |
| 2:07.3 | world than any other nation. And crypto's most watched whale, James Wynn, got fully liquidated |
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