Bitcoin, equities, oil jump as trade war tariff messaging on electronics confuses market
The post Bitcoin, equities, oil jump as trade war tariff messaging on electronics confuses market appeared on BitcoinEthereumNews.com.
Bitcoin held near the $84,500 level on Monday following a weekend of muted price movement, while traditional markets reflected diverging investor sentiment in the wake of the latest moves in US-China trade tensions. The White House initially announced Friday that smartphones, computers, and other consumer electronics would be exempt from steep tariffs. The US Customs and Border Protection agency published a list of excluded tariff codes, which would have benefited tech companies like Apple and Nvidia. However, Commerce Secretary Howard Lutnick later indicated these electronics would soon face separate levies that would not be tied to specific countries. Trump himself contradicted the exemptions in a social media post, stating that “no exceptions” would be made for these products in a Sunday night Truth Social post, saying, “NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China[…] We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.” Several analysts depicted a narrative over the weekend that may be relevant to Trump’s Sunday post, which posits a desire to appear strong in the face of global pressure, – Trump hikes China tariffs to 30%– China does nothing– Trump hikes China tariffs to 84%– China responds with matching tariffs– Trump hikes China tariffs to 145%– China responds with matching tariffs– Trump says that he wants Xi to call him– China does nothing– Trump says he is ready to “make a deal”– China does nothing– Trump rolls back tariffs [on electronics] Trump made it clear that “There was no Tariff “exception” announced on Friday.” However, US Customs and Border Protection issued guidance on Friday indicating the opposite. Bitcoin is trading in a tight consolidation range, even as US…
Filed under: News - @ April 14, 2025 9:20 am