Yigit Taha OZTURK 
China has increased tariffs on certain US goods to 125%, a bold escalation in the ongoing trade war. In retaliation, the United States is considering tariffs of up to 145% on Chinese imports.
Xi Jinping Urges EU to Unite
Chinese President Xi Jinping addressed the European Union, calling for collective resistance against the “bullying” trade behavior of the US. Xi emphasized that “no one wins in a tariff war,” underlining the need for multilateral cooperation.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
Despite heightened tensions, Donald Trump expressed hope for a resolution. “I believe we can find a solution that benefits both sides,” he said, keeping the door open for negotiations.
Investors Rush to Safe Havens
As uncertainty rises, investors are turning to safe-haven assets. Gold has hit an all-time high, while bitcoin and other crypto assets are back in the spotlight.
Arthur Hayes suggests that if China weakens the yuan, it could trigger a significant capital inflow into bitcoin. Similar patterns occurred in 2013, 2015, and 2019, possibly setting the stage for a 2025 bull run.
European Markets Take a Hit
Major European stock indices like FTSE 100, Cac 40, and DAX fell sharply following the tariff announcement. Experts attribute this to fears of declining corporate profits due to escalating trade tensions.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.