Trump's Tariffs on China Trigger Market Turmoil and Crypto Sell-Off
TL;DR Summary
President Donald Trump announced a 100% tariff on all Chinese imports and export controls on critical software, escalating tensions with China amid China's tightening export restrictions on rare earth minerals vital for tech industries, leading to significant stock market declines and market volatility.
- Trump fires back at China’s rare earth mineral restrictions by threatening 100% tariffs TechCrunch
- Trump’s new 100% tariffs on China triggered an $18 billion crypto sell-off CNN
- Behold the trash crash Financial Times
- Market sell-off: Trump post lops off $2 trillion from stocks in a single day CNBC
- Trump announces extra 100% tariff on Chinese goods starting next month CBS News
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