China Raises US Import Tariffs to 125%, Bitcoin Remains Steady

Amid the escalating trade war between China and the United States, Bitcoin has shown remarkable resilience.

Despite China raising import tariffs on U.S. products by up to 125%, Bitcoin’s price remained stable around US$81,500, dropping by less than 1% over the past 24 hours.

Bitcoin’s daily trading volume also saw a significant decline of 40%, falling to around US$45 billion.

Tariff Escalation by China

Quoting information from Coinvestasi media, China’s decision to raise import tariffs up to 125% comes in response to new tariff policies imposed by the United States on Chinese goods.

China’s Ministry of Finance announced that the new tariffs take effect immediately and cover a wide range of U.S.-origin products.

The Chinese Ministry of Foreign Affairs labeled the U.S. actions as a form of hegemony and economic bullying, while the Ministry of Commerce condemned it as a “repeated and dangerous mistake.”

Crypto Market Reaction

Despite the rising trade tensions, the crypto market has shown resilience.

Bitcoin remained stable, while Ether (ETH) experienced a drop of over 2%, trading around US$1,500. On the other hand, XRP and Solana (SOL) recorded gains of 1% and 2% respectively.

Taiwan Strengthens Trade Relations with the U.S.

Amid the tensions between China and the U.S., Taiwan has taken strategic steps to strengthen its trade ties with the United States.

Taiwanese President Lai Ching-te confirmed that the country has begun early-stage trade negotiations with the U.S.

The reduction in Taiwan’s export tariffs from 32% to 10% presents a strategic opportunity for Taipei to strengthen its domestic industries amid global trade turmoil.