\ud83d\udea8 JUST IN: President Trump declares the United States is in a TRADE WAR with China<\/p>\n
“We’re in one now!”<\/p>\n
“We have 100% tariffs.”<\/p>\n
“If we didn’t have tariffs, we would have no defense. They’ve used tariffs on us.”pic.twitter.com\/o360DtdsaQ<\/p>\n
\u2014 Eric Daugherty (@EricLDaugh) October 15, 2025<\/p><\/blockquote>\n
<\/p>\n
A social media post from Trump last Friday threatening the tariffs sparked a crypto market crash that saw Bitcoin fall from around $121,560 to below $103,000 over several hours.<\/p>\n
Related: <\/strong><\/em>$19B crypto market crash: Was it leverage, China tariffs or both?<\/strong><\/em> <\/p>\n Trump said he would impose a 100% tariff on China after China tightened its export controls on rare earth minerals that are essential for building computer chips.<\/p>\n Trump\u2019s latest comments haven\u2019t triggered a significant market selloff, with Bitcoin up 0.1% over the last hour, CoinGecko data shows.<\/p>\n US Treasury Secretary Scott Bessent criticized China\u2019s trade tactics earlier on Wednesday, claiming China\u2019s actions will backfire if they don\u2019t ease export controls:<\/p>\n \u201dIf some in the Chinese government want to slow down the global economy through disappointing actions and through economic coercion, the Chinese economy will be hurt the most \u2014 and make no mistake: this is China versus the world.”<\/p><\/blockquote>\n \u201cWe and our allies will neither be commanded nor controlled [by] a group of bureaucrats in Beijing,\u201d Bessent added.<\/p>\n Trump\u2019s tariffs on several Asian countries have, however, made it more challenging for US-based miners to purchase ASIC Bitcoin miners.<\/p>\n The tariff currently stands at 57.6% on China-origin mining machines and 21.6% on those from Indonesia, Malaysia and Thailand, making it significantly more expensive than before.<\/p>\n Last year, Bitcoin miners also ran into problems with the US Customs and Border Protection, which seized thousands of Bitcoin miners under the impression they were illegally imported radio frequency devices.<\/p>\n Despite the issues, no major US Bitcoin mining company has shifted its operations overseas as some industry analysts anticipated.<\/p>\n *********************************<\/p>\n If one of the paying programs on our Monitor appeals to you, please support EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n EN web Support Chat<\/strong> | Hyips and Crypto questions \u2013 HyipChatEN<\/a><\/strong><\/p>\n Telegram Chat for Crypto and Hyip reports: @HyipChatEN<\/a><\/strong><\/p>\n *********************************<\/p>\n Be the first to get most important HYIP news everyday! If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\nBessent slams China\u2019s \u201cdisappointing actions\u201d<\/h2>\n
Tariffs have hurt Bitcoin mining industry<\/h2>\n
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