China Under Trade Pressure: Ethereum Joins TikTok Bid Amid Tariff Chaos

A series of escalating trade tensions between the US and China are impacting markets. The White House imposed new tariffs, exceeding previous levels, on Chinese imports. This escalation further complicates the already strained relationship as negotiations continue to stall. Meanwhile, Ethereum has entered a bidding competition alongside Polkadot and OnlyFans for TikTok’s potential acquisition amidst regulatory hurdles. 1 Amidst this volatile landscape, experts are analyzing whether these shifts could influence market sentiment and potentially spark new rally.