Trade Tensions and Tariffs Trigger Market and Crypto Sell-offs
TL;DR Summary
A new 100% tariff on China announced by President Trump has caused a significant market drop, erasing $2 trillion in value, amid fears of a renewed trade war, an AI valuation bubble, and ongoing government shutdowns, creating a 'perfect storm' for economic uncertainty.
- New China tariffs announced during government shutdown and AI valuation debate are a ‘perfect storm coming together,’ top economist says Fortune
- Trump’s new 100% tariffs on China triggered an $18 billion crypto sell-off CNN
- Crypto’s Record Selloff Sparks Intrigue Over Who Got Wiped Out Bloomberg.com
- 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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