ChainCatcher news, according to CoinDesk, the China-U.S. trade war has escalated again. China announced a 15% tariff on U.S. imports of wheat, corn, cotton, and chicken, while imposing an additional 10% tax on sorghum, soybeans, pork, beef, seafood, fruits, and vegetables, expected to take effect from March 10. This move comes after U.S. President Trump announced an increase in tariffs on Chinese imports to 20%. Additionally, Trump confirmed that a 25% tariff will be imposed on goods from Mexico and Canada.This tax increase has triggered risk aversion in the market, affecting both the stock and cryptocurrency markets. As of the time of writing, the price of Bitcoin (BTC) is approximately $84,200, down 2% from the previous day.

ChainCatcher news, according to Jinshi reports, on November 25 local time, U.S. President-elect Trump stated that a 25% tariff will be imposed on all products entering the U.S. from Mexico and Canada. In addition, Trump also announced an additional 10% tariff on Chinese goods.Liu Pengyu, spokesperson for the Chinese Embassy in the United States, responded to this in a statement to the media, saying, "Regarding the issue of the U.S. imposing tariffs on China, China believes that the essence of China-U.S. economic and trade cooperation is mutual benefit and win-win. There will be no winners in a trade war and tariff war."