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U.S. President Donald Trump is playing the tariff card against China, responding to the latter’s imposed tariffs with potential additional tariffs of his own. The recent announcement of reciprocal tariff measures has heightened trade tensions between the two countries, with ramifications being felt in the cryptocurrency market. This situation has intensified uncertainties regarding economic relations both in America and on the global stage, particularly concerning the cryptocurrency asset market.
Trump’s China Policy
In reaction to China’s 34% tariff, Trump announced a potential 50% additional tariff if China does not remove its tariffs. This move has escalated the long-standing bilateral trade dispute to a new level. The U.S. administration’s intention to forge new agreements with other countries suggests a shift in global trade dynamics.
Donald Trump: “In response to China’s 34% tariff, an additional 50% customs duty may be imposed.”
Additionally, it has been stated that while the administration will maintain dialogues with other countries, negotiations with China could be suspended.
The announcement of new tariffs has sparked volatility and uncertainty in the cryptocurrency market. The effects of the trade war have led to sudden price drops, particularly impacting Bitcoin 
$0.000029 and other cryptocurrency groups. Market participants have expressed concerns that ongoing tariffs could yield negative consequences for economic stability.
When Will Altcoins Rise?
As a result of recent developments, Bitcoin has managed to recover some of its previous losses. While prices fluctuate at intervals, investors are closely monitoring the market’s unstable trajectory. Similar fluctuations have been observed in Ethereum 
$0.000122 and various other cryptocurrencies.
Arthur Hayes: “If Bitcoin dominance reaches 70%, the likelihood of market recovery increases.”
If this occurs, it remains uncertain how much of the altcoin market will survive after reaching record lows. In summary, when the selling pressure eases (when investors are ready to sell), Bitcoin dominance is expected to peak, leading to a potential recovery in altcoins.
These developments indicate a continuing process of reshaping global trade relations, with economic uncertainty and volatile market conditions likely persisting. Ongoing negotiations with other countries and new trade regulations are thought to play a decisive role in the market’s trajectory.
