Cryptocurrency and equities markets entered a “new phase of the trade war, amid ongoing tariff escalations between the United States and China.

data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/trump-liberation-day-climax-uncertainty-crypto-market-recovery” rel=”null” target=”null” text=”null” title=”null”>Global trade war concerns intensified on April 15 after the White House data-ct-non-breakable=”null” href=”https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-ensures-national-security-and-economic-resilience-through-section-232-actions-on-processed-critical-minerals-and-derivative-products/” rel=”null” target=”null” text=”null” title=”null”>published a fact sheet announcing that Chinese imports would be hit with tariffs of up to 245%.

The penalties include a “125% reciprocal tariff, a 20% tariff to address the fentanyl crisis, and Section 301 tariffs on specific goods, between 7.5% and 100%,” according to the White House.

Cryptocurrency and equities markets entered a “new phase of the trade war, amid ongoing tariff escalations between the United States and China.

data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/trump-liberation-day-climax-uncertainty-crypto-market-recovery” rel=”null” target=”null” text=”null” title=”null”>Global trade war concerns intensified on April 15 after the White House data-ct-non-breakable=”null” href=”https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-ensures-national-security-and-economic-resilience-through-section-232-actions-on-processed-critical-minerals-and-derivative-products/” rel=”null” target=”null” text=”null” title=”null”>published a fact sheet announcing that Chinese imports would be hit with tariffs of up to 245%.

The penalties include a “125% reciprocal tariff, a 20% tariff to address the fentanyl crisis, and Section 301 tariffs on specific goods, between 7.5% and 100%,” according to the White House.