Bitcoin Slides Following China’s Tariff Retaliation

China has imposed higher tariffs on US imports, escalating tensions after the Trump administration’s recent tariff hikes. Satoshi Club reports that these retaliatory measures have increased import tariffs for goods from the U.S. to 84% from 34%, taking effect on April 10th. This follows the implementation of new US tariffs on Chinese products, which began last week. Despite the market’s immediate response, Bitcoin is showing signs of recovery. The drop was triggered by concerns about global trade tensions and has since stabilized. Bitcoin’s price currently stands at $76,831, down 4.1% from yesterday.