U.S. Imposes Massive Tariffs on Chinese Imports, Raising Concern for Global Trade

The U.S. has implemented tariffs of up to 245% on Chinese imports, following a retaliatory measure by China. This escalation in trade tensions is raising concerns about the potential disruption of global supply chains. While no immediate impact on crypto markets or DeFi has been observed, this move underscores a growing tension between the U.S. and China.